FCA accused of aiding scammers through its register

Advisers describe it as a “complete shambles”

clock
Advisers are complaining about the FCA's revised register.
Image:

Advisers are complaining about the FCA's revised register.

Advisers have urged the Financial Conduct Authority (FCA) to fix its register, claiming it currently misleads clients and allows scammers to take advantage of consumers.

Since the Senior Managers and Certification Regime came into effect last week, individual advisers are no longer required to be listed on the FCA's register. Yardstick financial services agency founder...

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.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Regulation

John Moret: "You can be forgiven if you are feeling a little overwhelmed by the whole subject of value for money and consumer duty following various publications by the FCA."

John Moret: Just what is my Consumer Duty?

'Time is short'

John Moret
clock 26 January 2022 • 7 min read
Caroline Rainbird: "The face of retirement has changed, and it never looks the same for any two people, but the importance and value of a pension remains the same."

Fifth of consumers never checked pension value - FSCS

Many unaware if pots are protected

Jenna Brown
clock 25 January 2022 • 1 min read
FCA said it would reject proposals and use its regulatory powers where appropriate

FCA warns firms against limiting liabilities

Consultation open until 1 March

clock 25 January 2022 • 1 min read