IFAs demand place on FSA board

clock

Financial advisers say the vacancy on the FSA Board left by the resignation of former HBOS chief Sir James Crosby must be filled by an IFA.

Current members come from a variety of backgrounds, including non-executive director of William Morrison Supermarkets, Brian Flanagan, director of group development and strategy at ITV, Carolyn Fairbairn, and chief economist at Morgan Stanley, David Miles. However, advisers are shocked their profession is not represented, despite being heavily regulated, and argue consumer needs are neglected as a result. Barry Williams of Regency IFA says he has no doubt a financial adviser should sit on the regulator's board. "The board needs someone who knows about the financial advice business and...

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

Professional Adviser TV: Tackling 'horrendous' letter of authority delays

Professional Adviser TV: Tackling 'horrendous' letter of authority delays

‘LOAs could be really magical’

Professional Adviser
clock 29 August 2025 • 2 min read
How Parmenion is fuelling platform growth amid adviser fragmentation

How Parmenion is fuelling platform growth amid adviser fragmentation

Platform's soft skills training, switch service and Consumer Duty alignment cited as key drivers of adviser engagement

Sahar Nazir
clock 28 August 2025 • 3 min read
Former Titan Wealth employee convicted of harassing senior staff

Former Titan Wealth employee convicted of harassing senior staff

Judge orders mental health assessment ahead of sentencing next month

Sahar Nazir
clock 28 August 2025 • 3 min read