Advisers have long been struggling with the regulator shunning their concerns. But are there now signs that Canary Wharf has opened its doors to the industry?
The Financial Conduct Authority (FCA) seems to have distinguished itself from its predecessor the Financial Services Authority (FSA) in a most positive way. The FCA has always said it intended to listen and respond to industry concerns and now it seems to be walking the walk and talking the talk. Its head of savings, investments and distribution, David Geale, recently said the FCA was "trying to be as predictable as possible" in what it asks of firms and will "continue listening to firms to make sure that we can do that". This alone would have been a marked turn from the rhetoric o...
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