Advisers have been told by the FCA to review, and, if necessary, revise their existing agreements in light of the final guidance it plans to issue on what payments and support can be accepted from providers.

While the industry waits for final guidance, this guide will cover what the FCA’s concerns are about provider inducements, the type of financial support advisers can accept and what can happen to intermediaries who the regulator reckons have been biased in their recommendations.

The guide includes the warning from the FCA that “There are some situations where the only effective way to protect customers’ interests is for the relevant agreements to be terminated.”

Supporting material was provided by Clive Adamson, director of supervision at the Financial Conduct Authority, and Clare Griffiths, senior policy adviser of the Association of Professional Financial Advisers.