Keeping up with legislative and regulatory changes are the top concerns facing Britain's IFAs, according to research from US-based financial services group MetLife.
In a nationwide IFA poll, 47% of advisers stated that keeping up with legislative change was a great concern – and 44% of advisers also cited that keeping abreast of changes in order to offer the right advice was a very great concern. Paul Shallis, chief operating officer at MetLife, which is planning to launch into the UK next year, said: “Compliance with regulatory change is a huge priority for advisers - it’s a perpetual focus to maintain the right procedures but this comes at a price – both in terms of management and IT cost. We believe providers must make a clear commitment to adviser...
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