What to expect as a whistleblower in financial services

MASTERCLASS

clock

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...

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

FCA updates incident and third-party reporting rules with cyber-attacks on the up

FCA updates incident and third-party reporting rules with cyber-attacks on the up

Regulator realises attacks are becoming ‘more frequent and more sophisticated’

Isabel Baxter
clock 18 March 2026 • 2 min read
FCA publishes pensions regulatory priorities report

FCA publishes pensions regulatory priorities report

Regulator sets out key priorities amid significant industry transformation

Martin Richmond
clock 12 March 2026 • 4 min read
Treasury proposals spark AR liability fears

Treasury proposals spark AR liability fears

Not expected to have ‘material’ impact on PII market but creates more risk

Isabel Baxter
clock 11 March 2026 • 4 min read