A fifth of IFAs expect 'significant' increase in regulatory fines

The advisers expect the rise to occur as a result of a deterioration in how information they receive is stored and managed. More - 59% - expect to see a "slight" increase in the size and value of fines as a result of poor information management, and only 3.6% anticipate a fall. Elsewhere the research - which was carried out by EDM Group, a provider of outsourced information management services - suggests 28% of IFAs are "concerned" or "very concerned" about the ability of financial services companies to manage and store the information they receive. A third of those asked claim the...