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 for free

  • 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

FCA finfluencer enforcement action increases 174% in 2025

FCA finfluencer enforcement action increases 174% in 2025

FOI findings come as regulators ramp up online crackdown

Isabel Baxter
clock 09 February 2026 • 3 min read
TISA urges FCA to rethink targeted support fees and levies proposals

TISA urges FCA to rethink targeted support fees and levies proposals

Could ‘undermine’ the aims of targeted support

Isabel Baxter
clock 12 January 2026 • 2 min read
FCA's targeted support rules set to take effect from April 2026

FCA's targeted support rules set to take effect from April 2026

Regulator plans to open application gateway for firms in March

Isabel Baxter
clock 11 December 2025 • 5 min read