APFA calls for lighter regulation of advisers

Responding to the Financial Conduct Authority's (FCA) guidance paper The FCA's approach to advancing its objectives, APFA said the regulator needed to recognise that over-regulation could undermine its competition objective. It said it was concerned the heavy-handed regulatory approach was deterring new talent from entering the profession and prevented a healthy market place for the sale and acquisition of adviser businesses. In its response APFA also said the regulator should clamp down on product design and marketing, which will allow it to intervene earlier and prevent more consume...