FCA for a day: What advisers would do if they had the power (part two)

What advisers would do if they had the power (part two)

clock • 4 min read

Professional Adviser asked seven advisers one question: If you had the means to change one thing about how the industry is regulated, what would you do? (part two of two)

Who said the powers that be don't have a sense of humour? The FCA officially came into existence on 1 April 2013 - April Fools' Day. In one of his first speeches after the FCA launched, chief executive Martin Wheatley said its creation was a "direct response to what hasn't worked". After the failure of the previous regulator, the Financial Services Authority (FSA), to identify and manage the worst financial crisis for a generation, the FCA was supposed to be a break from the past. It has been busy in its first year: promising a more intrusive approach to regulation, it has certainly d...

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's targeted support rules set to take effect from April 2026

FCA's targeted support rules set to take effect from April 2026

Regulator plans to open application gateway for firms in March

Isabel Baxter
clock 11 December 2025 • 5 min read
FCA sets out plans to simplify complaints regime

FCA sets out plans to simplify complaints regime

Including requirement for firms to report complaints involving vulnerable clients

Isabel Baxter
clock 04 December 2025 • 2 min read
FCA looks to boost transparency of ESG ratings providers

FCA looks to boost transparency of ESG ratings providers

Regulator opens consultation

Michael Nelson
clock 01 December 2025 • 2 min read