Survey finds many businesses are ready for FCA’s finance changes

29 September 2020

In July the FCA confirmed that discretionary commission models will be banned from 28 January 2021, following a consultation in October 2019, and issued revised commission disclosure rules. Christopher Woolard, the FCA’s interim chief executive, said: “By banning this type of commission, where brokers are rewarded for charging consumers higher rates, we will increase competition…

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Tags: compliance, discretionary commission, FCA, finance, new, online, penetration, SM&CR, survey, Used

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