Draft response to FCA Guidance Consultation 13/5- Supervising retail investment advice: inducements and conflicts of interest

We welcome FCA making its position clear on funding from Providers as we believe this has the capacity to help create a more level playing field in the market between both Providers and Intermediaries.

However, we believe that the examples of good and bad practices are likely to lead to a reduction in providers contributing to the advancement and education of advisors and will ultimately lead to an increase in costs to the consumer.