FCA consumer duty rules: Regulation overkill fears dampen adviser enthusiasm

But improvements to consumer service broadly welcomed

"When will the regulator realise that it is not more regulation that is the answer? They need to police the regulation that already exists. It's as simple as that. Good IFAs want the poor IFAs weeded out." - George Critchley
"When will the regulator realise that it is not more regulation that is the answer? They need to police the regulation that already exists. It's as simple as that. Good IFAs want the poor IFAs weeded out." - George Critchley
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The FCA's latest consumer duty intervention is designed to ensure better outcomes for all clients. Tom Higgins gauges adviser reaction to the proposed measures with some saying more regulation is not what the profession needs...

Following publication of the long-anticipated Financial Conduct Authority (FCA) consultation on consumer duty rules, the adviser and wider financial community have expressed their views - with some saying...

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