The long goodbye

GOODBYE FSA

clock

Peter Smith today became the latest in a series of high profile departures from the Financial Services Authority (FSA) over the past few years.

With the Retail Distribution Review (RDR) and break-up of the regulator have been going on in the background, these big names decided it was the best time to move on, in most cases to more lucrative opportunities. Dan Waters - December 2010 Waters, the former director of conduct risk and asset management sector leader, announced his departure was announced towards the end of 2010 after he decided he could not make the necessary long-term commitment through the set-up of the new regulatory regime. He had previously been head of retail policy and was therefore one of the masterminds o...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

'Slow start' expected for targeted support as rules go live

'Slow start' expected for targeted support as rules go live

Royal London one of the first to get FCA approval

Sophia Panayi
clock 07 April 2026 • 4 min read
Former financial adviser hit with FCA ban after pocketing £54,000 from 'vulnerable' client

Former financial adviser hit with FCA ban after pocketing £54,000 from 'vulnerable' client

Daniel Leon Williams banned from regulated activities after being sentenced in 2024

Sophia Panayi
clock 07 April 2026 • 1 min read
FOS award limits increase for next financial year

FOS award limits increase for next financial year

One type of complaint sees a £10,000 rise

Sophia Panayi
clock 01 April 2026 • 1 min read