CRA was asked by the ABI to conduct research into the market impact of encouraging Customer Agreed Remuneration (CAR) as a method for determining intermediary remuneration for financial advice. The objective was to assess its impact on actual or perceived bias resulting from the current remuneration models, and whether it encourages additional saving and greater provision of advice.
Key issues for the US banking sector
Simultaneously, banks are challenged to address transformative issues such as artificial intelligence and escalating cyber threats, while maintaining vigilant...