Financial Conduct Authority  

Brokers warn consumers could bypass advice under new rules

“Why on earth would you promote an execution-only model in a regulated industry?”

Mr White thought the big danger for brokers was the charging structure of a broker’s services.

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He said: “While consumers will want and require advice, if they can access a product directly without paying an additional fee then they will.

“It certain brokers become too greedy with their fee charging, that will ultimately have an impact on their business.”

imogen.tew@ft.com

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