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19th June 2014

BNY Mellon: Full disclosure: the FCA answers your questions

The Financial Conduct Authority's head of savings, distribution and investment policy David Geale answers advisers' questions on transparency, platform costs and independence.
 
1 What would you like to see firms do better?
2 What is the FCA doing to ensure its efforts to help firms innovate are not diminished
by the Financial Ombudsman Service (FOS )?
3 What is the regulator doing to reduce the size and complexity of suitability
letters clients receive?
4 Does the FCA have significant problems with the advisers negotiating directly
with platforms for services and paying the costs directly to the platform rather
than the client paying for these charges?
5 What is the FCA doing to make it the definitions of independence and restricted
advice clearer to consumers?
6 Should it be acceptable that advisers re-emerge as a ‘phoenixed’ firm directors
after previously falling to the Financial Conduct Authority?

 

FSA/FCA, Regulation

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