The FCA is therefore making it clearer that the payment of transactional fees by instalments is acceptable, which it hopes will reduce the price of existing advice.
This will then encourage more consumers to move some of their aforementioned excess cash savings into investments within Isas.
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If the client divests before they have finished paying for the advice, the outstanding payments would still need to be paid.
However, if using this, an advice firm would have to make appropriate disclosures to confirm that no ongoing service is being provided.
sally.hickey@ft.com
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