By The Enforcd Team

The Total Cost of Independent Financial Advice

The FCA has traditionally tried to secure the greatest good for the greatest number of consumers. Enforcd was interested to note that one of its key themes for 2017/18 remained independent financial advice, now the preserve of those with £250k of investable assets.

By The Enforcd Team

What the FCA found when it did a Suitability Review of the IFA Sector

The independent financial advice (IFA) sector was given a clean bill of health by the FCA in May 2017. A suitability review of 1,142 individual pieces of advice given by 656 firms against the rules in the Conduct of Business sourcebook showed that in 93.1% of cases, advice provided was suitable.