Advisers' NY wish? Change of regulator

clock

Financial advisers overwhelmingly voted a change of regulator would be the best thing the New Year could bring to improve their working life.

In the poll by the Marketing Innovation Forum, 44% cited support for a change of regulator as their top hope. The results follow the surprise resignation yesterday of FSA chief executive Hector Sants, who will leave in the summer.   More priority for advisers by providers was the second most popular option, receiving 21% of the vote, while a change of government came in third with 19%. Elsewhere, more consumer confidence was voiced by just 15% of respondents. Derek McGuire, co-founder of Marketing Innovation Forum, says: "As tends to be the case with any regulator, they'...

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 Regulation

FCA's data reporting cuts: 'A start but fairly low hanging fruit'

FCA's data reporting cuts: 'A start but fairly low hanging fruit'

Impact is yet to be determined but a positive step, commentators say

Isabel Baxter
clock 28 April 2025 • 4 min read
FCA proposes to cut down on data reporting for firms

FCA proposes to cut down on data reporting for firms

Part of regulator’s programme to ‘reduce burden’

Isabel Baxter
clock 16 April 2025 • 2 min read
FCA pumps £3.7m into advice/guidance boundary review work

FCA pumps £3.7m into advice/guidance boundary review work

Come as the regulator proposes to increase fees by 2.5%

Isabel Baxter
clock 08 April 2025 • 3 min read