FCA surveys top 20 advisers over "poor practice" concerns on annual reviews

Financial advisers that charge for annual reviews on investment plans and other products are coming under the regulator's spotlight after it discovered "poor practice" among firms.

By Neasa MacErlean

The Financial Conduct Authority has now written to"about 20" of the largest advisers asking if they "have assessed their ongoing services in response to the introduction of the Consumer Duty, and whether they have made any changes as a result".