"Advice charges are agreed with the client at outset, are transparent, are not subject to provider influence and should be based on the work required. I therefore feel such comparisons are, to some extent, disingenuous.
"The actual issue is that contingent charing requires the transfer to take place for the adviser to be paid however if the advice is appropriate then whether the fee is contingent or otherwise is arguably moot. Likewise, where a non-contingent fee is paid, if the advice is poor, then there remains client detriment.
"I therefore feel that contingent charging is potentially being used as the scapegoat for advice which may not have been in the clients' best interest, irrespective of how it’s being paid."
The deadline for written evidence is January 31, 2019.