What did Sants ever do for us? IFAs' verdict

clock

He may have inherited a poisoned chalice but Hector Sants did little to improve the industry, advisers say.

Andrew Merricks, head of investments, Skerritt Consultants "I don't really have any sympathy for him - he was paid well. He has overseen an extremely volatile period in the financial sector and the regulator will never get any praise or credit. For his replacement, we need someone independent, who has not been involved in the financial sector and is coming from a completely different angle and does not buck to pressure." Harry Katz, principal at Norwest Consultants "I would counsel that we should be careful what we wish for. Whoever steps up to the plate will hardly be a soft 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

Brits unlikely to see IFAs despite Budget impact

Brits unlikely to see IFAs despite Budget impact

Just 19% were likely to seek advice, Continuum finds

Isabel Baxter
clock 12 February 2026 • 3 min read
Treasury consults on AR regime adding further FCA and FOS permissions

Treasury consults on AR regime adding further FCA and FOS permissions

Amid concerns about consumer harm and weaknesses in oversight

Isabel Baxter
clock 12 February 2026 • 3 min read
Adviser on crypto: 'I spend most of my time telling clients not to invest in it'

Adviser on crypto: 'I spend most of my time telling clients not to invest in it'

Panel unpacks next gen themes in advice

Isabel Baxter
clock 10 February 2026 • 3 min read