Editor's View: The toll of regulation on advisers' mental health

The editor's Friday Night Takeaway from 15 September

Hope William-Smith
clock • 1 min read

A huge number of you clicked on our story this week about CoreData Consumer Duty research.

It found one-in-ten advisers are looking to leave the industry thanks to the introduction of the new regulations. At face value, it seems an alarming large number, though it is not dissimilar to how advisers felt in 2012 after the Retail Distribution Review. Over a third (35%) of advisers surveyed in the CoreData research said the pressures associated with Consumer Duty compliance are negatively impacting their mental health. This is a bad sign and something we all need to think and reflect more on. Knowing the vast number of benefits the Duty will hopefully bring doesn't make it feel any l...

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