Regulation could be pushing people in unsuitable directions - FCA

'Channelling people to an advice approach'

Sophie King
clock • 4 min read

Regulations may be "channelling people to an advice approach they might not need", the Financial Conduct Authority (FCA) has acknowledged.

On Wednesday, the financial watchdog published a call for input, asking for feedback on how it should approach its review of the Retail Distribution Review (RDR) and the Financial Advice Market Review (FAMR). The report asked advisers to consider 24 questions - set out at the bottom of this article - based largely on consumer needs, the provision of advice, and guidance services and market changes. In an interview with FCA director of policy Nisha Arora, Professional Adviser specifically inquired into the paper's 15th question, which asks if there are points where the regulatory syste...

To continue reading this article...

Join Professional Adviser

  • 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

SDR delay: A 'mixed bag' of effects on the advice industry

SDR delay: A 'mixed bag' of effects on the advice industry

‘Advisers should be aiming to go above and beyond these labels’  

Isabel Baxter
clock 18 September 2023 • 6 min read
FCA and other regulators scrap £10k compensation cap

FCA and other regulators scrap £10k compensation cap

A revised scheme will apply from 1 November 2023

Isabel Baxter
clock 27 July 2023 • 1 min read
FCA revokes advice firm's permissions after failure to pay fees

FCA revokes advice firm's permissions after failure to pay fees

Integellus Financial Services can no longer carry out regulated activities

Isabel Baxter
clock 19 July 2023 • 1 min read