With consolidation on the rise and the Financial Conduct Authority’s (FCA) review upcoming, Professional Adviser delves into the current mergers & acquisitions (M&A) market.
The regulator recently confirmed it would be reviewing consolidation in advice, with both buyers and sellers set to come under scrutiny. Questions will be asked around whether firms are "wearing the Consumer Duty hat" at all stages, including deal structure, deal signing and implementation. Speaking to Professional Adviser, FCA head of department for advisers, wealth and pensions Nick Hulme said that its review into consolidation in financial advice was spurred by industry concerns rather than from within the regulator. Considering Consumer Duty The FCA's consolidation review could ...
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