What the supervision shift means for your firm

What the supervision shift means for your firm

clock

Regulatory supervision has moved on from the tick-boxing mentality of the FSA to focus more on culture and consumer outcomes. The Consulting Consortium's Rebecca Prestage examines the changes.

A year on from its inception, the Financial Conduct Authority (FCA) has, at long last, set out its approach to supervision for firms in a clear, single document. Firms will no doubt now be feeling a little more certain about the way in which they will be supervised, with the FCA confirming what has already been postulated by many in recent months. The regulator has stressed that it is moving away from a ‘tick-box' compliance mentality, to one centered around culture and consumer outcomes. This means firms will need to place a greater emphasis on gathering meaningful information that evid...

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

DB transfer adviser hit with provisional FCA ban and £742,700 fine

DB transfer adviser hit with provisional FCA ban and £742,700 fine

Daniel Thomas advised 53 clients, including four British Steel scheme members

Sophia Panayi
clock 03 September 2026 • 2 min read
Proving good customer outcomes still a challenge for financial planners

Proving good customer outcomes still a challenge for financial planners

Firms face practical challenges in Consumer Duty board reporting

Sophia Panayi
clock 03 September 2026 • 2 min read
'Watershed moment' as FCA's non-financial misconduct rules come into force

'Watershed moment' as FCA's non-financial misconduct rules come into force

Enforcement ‘not a question of if, but when’

Michael Nelson
clock 02 September 2026 • 2 min read