FSA readies small team for adviser 'alert' task

Scott Sinclair
clock

The FSA has assembled a small team to process warning ‘alerts' from firms about their individual advisers as it pushes ahead with its data and supervision plans.

From July, firms will be obliged to inform the FSA of any issues arising about their intermediaries as the regulator seeks to "build a picture" of individuals to feed its post-2012 supervisory work. The FSA has set up what it calls an ‘individual adviser supervisory function', which will work closely with firm supervisors. It says although many firms currently monitor their advisers, it is concerned they only have access to a "partial picture" of their employees. FSA head of investment policy Peter Smith told IFAonline the regulator's existing "small" team may have to be revised de...

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 reveals 13 firms applied for targeted support authorisation

FCA reveals 13 firms applied for targeted support authorisation

Up from seven in March

Sophia Panayi
clock 01 July 2026 • 2 min read
FCA establishes rules and standards for crypto in the UK

FCA establishes rules and standards for crypto in the UK

'Long overdue'

Patrick Brusnahan
clock 30 June 2026 • 2 min read
FCA eyes simplifying rules for advised sales of insurance products

FCA eyes simplifying rules for advised sales of insurance products

To create a clearer boundary between advised and non-advised sales

Cameron Roberts
clock 29 June 2026 • 4 min read