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 brings ESG ratings providers under scope for first time in 'sensible evolution'

FCA brings ESG ratings providers under scope for first time in 'sensible evolution'

Authorisation required from June 2028

Michael Nelson
clock 03 November 2026 • 3 min read
Treasury Committee flags potential bank tax Budget leak to FCA and Treasury

Treasury Committee flags potential bank tax Budget leak to FCA and Treasury

Dame Meg Hillier pens letter after Bloomberg article went live at 10:45am

Isabel Baxter
clock 29 October 2026 • 3 min read
FCA stands firm on not advocating for legislative change on AI

FCA stands firm on not advocating for legislative change on AI

‘That is the appropriate proportionate response’

Sophia Panayi
clock 22 October 2026 • 2 min read