Cost of regulation still biggest threat to advisers - PFS

For the fifth year in a row regulation and compliance cost has topped the professional body's list of major concerns for advisers, after about 75% of advisers listed it as their main worry for the years ahead - up from 72% in 2015 and 67% in 2014. This was despite the government's and regulator's efforts last year to increase access to advice and make it easier for advisers to do business. About a third of advisers also identified Brexit and a general economic slowdown as big threats, while more felt threatened by execution-only and online simplified advice offerings. The PFS surve...