Sants quits: adviser reaction

SANTS DEPARTURE

clock

Advisers have been busy speculating on the impact of the departure of FSA CEO Hector Sants earlier today.

In a statement Sants said he was "proud" of the regulator for what it had achieved under his stewardship. Sam Caunt, company secretary at Kingston IFA, said: "I wish him well. It is very easy to criticise and there is a tendency among IFAs to make it personal; Sants has always been made out to be the 'bad boy'. "However I did not like his attitidue to the Treasury Select Committee (TSC) when he was not prepared to negotiate and showed arrogance and inflexibility. With or without Sants the RDR and the FSCS levies will continue." Brian Hill, managing director of Jones Hill, said: "Sa...

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

Court sets trial date in illegal financial promotions case

Court sets trial date in illegal financial promotions case

Lucy Beck pleads not guilty

Sophia Panayi
clock 31 July 2026 • 1 min read
FCA flags weak customer outcome focus in firms' monitoring frameworks

FCA flags weak customer outcome focus in firms' monitoring frameworks

Consumer Duty review found inconsistent governance and oversight

Sophia Panayi
clock 27 July 2026 • 2 min read
Open finance could pose 'existential threat' to advice market

Open finance could pose 'existential threat' to advice market

Consumer Duty Alliance tech forum attendees hear

Sophia Panayi
clock 23 July 2026 • 3 min read