FCA calls a halt to ongoing commission on retail products
FCA guidance on inducements will put an end to ongoing commission paid by distributors to advisers in the UK
Members of the UK structured products industry that pay or profit from commission resulting from deals drawn up before 2013 will have to rework their contracts by April, following new guidance issued by the Financial Conduct Authority (FCA).
The regulator published finalised guidance on January 16 that aims to clarify rules set out in a consultation exercise on Supervising retail investment advice: inducements and conflicts of interest, which followed the introduction of the Retail Distribution
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