UK regulator admits adequacy of advice still a concern
By Cristian Angeloni, 10 Jan 19
Number of people investing up but risk of ‘poor value’ services still high
Click through the slides below to see the key concerns flagged up by the Financial Conduct Authority.
Lingering headaches
![Lingering headaches]()
Growth, however, came with several problems and concerns.
- Only 33% of the UK population holds any type of investment products.
- Only 39% of adults in the UK trust advisers to act in their best interest, while 31% do not and 30% are undecided on the matter.
- Unstable and unsuitable advice has been on the FCA’s radar, especially after several companies stopped giving pension transfer advice as the regulator found the advice given was not suitable.
- Consumers are struggling to access finances services, which are deemed “expensive” and too often were considered “poor” and not good value for their money.
