The review, building on findings from September 2022, reveals a nearly 40% increase in remuneration levels, including commissions, from 2019 to 2022. The review emphasises the need for brokers to ensure consistent delivery of fair value and supports the FCA’s policy interventions outlined in their consultation paper. The FCA will focus on ensuring firms meet existing rules, including the new Consumer Duty, and intervene with regulatory tools as needed.
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