FSA 'is not treating the industry fairly'

clock

The majority of IFAs do not think the Financial Services Authority is treating the industry fairly, according to the latest IFAonline industry straw poll.

In response to the question, “The FSA has published TCF guidance online, but do you think it treats the industry fairly?” 99 (71%) of the 140 responses replied, “Don’t make me laugh!” A further 16 (11%) answered “sometimes yes, sometimes no”, while 18 (13%) said the FSA was generally ignorant of their concerns and seven (5%) replied “generally yes, but it uses sticks not carrots”. Ken Boyd, a retired IFA, says: “Were one to treat clients unfairly there would soon be no clients. The gobbledegook that the regulator issues defies all reason. What I believe is that the FSA should treat IF...

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

MKC Invest backs robotics as physical AI takes off

MKC Invest backs robotics as physical AI takes off

Conducts four-week internal research project

Sophia Panayi
clock 03 July 2026 • 2 min read
Feel Good Friday: Free paraplanning mentoring initiative expands

Feel Good Friday: Free paraplanning mentoring initiative expands

The Paraplanner Club partners with Fundment

Professional Adviser
clock 03 July 2026 • 1 min read
Wesleyan launches two with profits funds for advisers

Wesleyan launches two with profits funds for advisers

Available on Aberdeen, Nucleus, Wealthtime and Hubwise platforms

Sophia Panayi
clock 03 July 2026 • 2 min read