Some life insurance firms are breaking guidelines by having arrangements that could influence advisers, the financial regulator has said.
The Financial Conduct Authority (FCA) has investigated whether insurance firms continue to be influenced by "inducements" from product providers, despite the Retail Distribution Review (RDR) coming into effect in January 2013.
The FCA's review found some life insurance firms had arrangements in place which could influence advisers, contrary to the Retail Distribution Review (RDR), which came into affect in January 2013. RDR’s objective is to remove commission bias in financial advice.
Many of the firms revie...