Whistleblowing advisers down significantly - FCA annual report

In its annual report, the regulator said it had received 119 whistleblowing disclosures from financial advisers. This represents a 30% decrease on the 170 intelligence cases it received from advisers in 2015/16, which was itself a 37% drop on the 271 it received in 2014/15. The total number of whistleblowing cases the FCA received also dropped last year to - 900. This compares with 1,014 in 2015/16 and 1,340 in 2014/15. Whistleblowing cases had otherwise been on the rise since the financial crisis.  The drop in such cases comes despite the regulator establishing new rules around whist...