Following reports that the FCA has asked advice firms whether they continue to charge ongoing fees after a client has died, the central question is simple: what service is actually being provided, and to whom? Ongoing advice fees are only defensible where there is an ongoing service, such as suitability reviews or active support, and … Continue reading How can an adviser provide ongoing advice to someone who has died?
Tag: fee-for-no-service
When Flexibility Becomes Forgetting: Removing Annual Suitability
Why Removing Annual Suitability Risks Burying the UK’s Fee-for-No-Service Reckoning By Steve ConleyAcademy of Life Planning A trustworthy regulator does not erase the audit trail when the bill is about to fall due. A quiet proposal with loud consequences The Financial Conduct Authority is consulting on removing the requirement for annual suitability reviews for advisers, … Continue reading When Flexibility Becomes Forgetting: Removing Annual Suitability
Academy of Life Planning 