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FCA warns adviser firms to be clearer on charges

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FCA warns adviser firms to be clearer on charges

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  • A review by the regulator into disclosure by financial advisers found that 73% of firms failed to provide the necessary information on the cost of advice.
  • The FCA also said too many adviser firms were not clear with customers about the type of service they were able to offe.
  • 58% of firms failed to give clients clear upfront generic information on how much their advice might cost while 50% of firms failed to give clients clear confirmation on how much advice would cost them as individuals.

Read the full artcle here on Mortgage Solutions

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