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

FCA cracks down on finfluencers with 120 takedown requests

FCA cracks down on finfluencers with 120 takedown requests

'Week of action'

Linus Uhlig
clock 24 April 2026 • 1 min read
FCA and PRA streamline and simplify senior managers regime

FCA and PRA streamline and simplify senior managers regime

Consultation on wider changes

Patrick Brusnahan
clock 22 April 2026 • 2 min read
Royal London launches targeted support ISA service

Royal London launches targeted support ISA service

Available to existing customers via its app

Sophia Panayi
clock 20 April 2026 • 2 min read