FCA concedes regulations are putting financial pressures on advisers

The regulator said in its 2019 sector views that, alongside changing fee structures and evolving and increasingly complex client needs, new regulations were adding to financial pressures on financial advice and wealth management firms. The sectors had seen consolidation as a result, it added. The financial watchdog also mentioned automated advice in its paper, saying the advent of so-called robo-advice and "easy access" to cheap passive funds had created alternative routes to investing. It said the expected arrival of "big retail banks" in the space in 2019 could "increase the access and...