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 finfluencer enforcement action increases 174% in 2025

FCA finfluencer enforcement action increases 174% in 2025

FOI findings come as regulators ramp up online crackdown

Isabel Baxter
clock 09 February 2026 • 3 min read
TISA urges FCA to rethink targeted support fees and levies proposals

TISA urges FCA to rethink targeted support fees and levies proposals

Could ‘undermine’ the aims of targeted support

Isabel Baxter
clock 12 January 2026 • 2 min read
FCA's targeted support rules set to take effect from April 2026

FCA's targeted support rules set to take effect from April 2026

Regulator plans to open application gateway for firms in March

Isabel Baxter
clock 11 December 2025 • 5 min read