Revealed: Fraction of advisers disciplined as bad advice costs near £1bn

Regulatory action against less than 1% of advisers since 2010

Laura Miller
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Revealed: Fraction of advisers disciplined as bad advice costs near £1bn

A far-reaching investigation by Professional Adviser has revealed the tiny percentage of advisers who have faced disciplinary action by regulators and professional bodies in the last six years, despite a backdrop of bad advice that has cost the industry £1bn.

Regulatory action has been taken against less than 1% of advisers since 2010. The tiny figure stands in marked contrast to the number of complaints about advisers upheld in that period by the Fi...

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