UK watchdog warns advisers about charging models

The Financial Conduct Authority told advisers it does not expect them to be "charities" but cautions firms to avoid conflicts of interest when charging decumulation clients on a percentage basis. Speaking at the Personal Finance Society's annual conference, the regulator's head of life insurance and financial advice supervision Debbie Gupta said advisers charges should be fair, the FT Adviser reports. She said: "Everyone should be paid a fair amount for the services that they provide - but we do expect you to consider the conflicts that will arise, including how you structure your cha...