In the run-up to the Consumer Duty, the regulator called on firms to re-examine their charging structures to ensure compliance with the new legislation’s Price & Value outcome. However, our benchmarking study found that half of firms had no plans to change their fee model, reporting they were confident their existing structure meets FCA’s expectations.

In Money Marketing, TCC’s Senior Regulatory Consultant Andy Fouracres discusses whether many firms are still avoiding asking difficult questions about fair value – and gives tips on aligning your charging structure with the regulator’s vision.

Read the article here.