FCA warns of 'significant' advice price clustering

Pedro Gonçalves
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FCA warns of 'significant' advice price clustering

The Financial Conduct Authority (FCA) has said "competition does not appear to be operating effectively in the interests of consumers" in the advice market which is having an impact on the amount of people who seek advice. The UK watchdog has published a new evaluation of the impact of the Retail Distribution Review (RDR) and the Financial Advice Market Review (FAMR). Both the RDR and FAMR sought to improve the distribution of retail financial services products, and the FCA committed to ev...

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