What to expect as a whistleblower in financial services

MASTERCLASS

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As research reveals a significant spike in whistleblowing to the FCA, Rebecca Jones investigates whether telling all has become any easier for financial advisers

Whistleblowing within the financial services industry is on the up. According to a freedom of information request obtained by Kroll Advisory Solutions, calls to the Financial Conduct Authority's (FCA) whistleblowing helpline increased 35% between November 2012 and October 2013, a rise from 3,813 in the previous 12 months to 5,150. The statistic is certainly encouraging. But does it mean whistleblowing is becoming any more attractive or simpler for financial advisers? On closer inspection, it seems that, while it may be becoming more common, for some it is still as fraught as ever. Rai...

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