Rory Percival: Paraplanning will not be regulated

clock

Financial Conduct Authority (FCA) technical specialist Rory Percival has praised paraplanners for seeking to build a profession, but said the role should - and would - not be regulated.

Percival said a true profession "doesn't look to the regulator on how to improve", adding "paraplanning is demonstrating quite a good product in that area [and] I applaud you for doing that", according to Financial Planner Online. Percival was speaking at the third annual Paraplanners Powwow, which took place in Northamptonshire on 10 September. Percival suggested the event demonstrated paraplanners' desire for self improvement, which he said was a key indicator of professionalism. Fielding questions from attendees, he was also asked whether paraplanning should or would be regulated, ...

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

'Danger' for advisers who think poor conduct is not relevant to them

'Danger' for advisers who think poor conduct is not relevant to them

‘You cannot rely on people deciding what to do in the moment’

Hope Coumbe
clock 28 March 2024 • 1 min read
Advisers on 'dangerous ground' if they take tick-box regulation approach

Advisers on 'dangerous ground' if they take tick-box regulation approach

‘They should embrace the spirit in which the regulation has been created’

Isabel Baxter
clock 27 March 2024 • 1 min read
FCA enforcement to become 'assertive, proactive and intrusive'

FCA enforcement to become 'assertive, proactive and intrusive'

‘You can expect the regulator to take robust action where needed’

Isabel Baxter
clock 29 February 2024 • 2 min read