Gov't and FSA must sing from same hymn sheet

clock

Everyone in the industry has an opinion on the FSA, particularly at the moment with the regulator's push toward a more principles-based system for delivering advice.

And maybe a touch surprisingly, given the usual nature of relationships with authorities, a large chunk of it seems to be positive. I base this not on an industry-wide survey, but on three meetings I have had in the last three days. In each, the FSA, no TCF, was brought up and, even though there were a few grumblings, all concluded somewhere along the lines of: “They’re trying to improve the industry, and (finding this bit difficult to say) that’s a good thing”. Of course it is. But, and how many times will you hear this phrase in your life, the man in the street is getting overlooked. ...

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 Your profession

Hitting milestones later in life could impact when people seek advice

Hitting milestones later in life could impact when people seek advice

People will likely be seeking financial advice later

Laura Suter
clock 19 April 2024 • 3 min read
Regulatory pressures taking a toll on industry stress levels

Regulatory pressures taking a toll on industry stress levels

'Regulatory pressures are the first thing on my mind’

Sahar Nazir
clock 19 April 2024 • 1 min read
Advisers blast FCA funding requirement of £755m 'inexorable'

Advisers blast FCA funding requirement of £755m 'inexorable'

‘I don’t really know what value I’m getting from the FCA – if any’

Hope Coumbe
clock 19 April 2024 • 2 min read