Advisers fearful of further compliance and regulation

Pressure and workload are also taking a toll on advice business owners

Isabel Baxter
clock • 1 min read

Fears of further compliance and regulation is the main issue keeping advice business owners awake at night, The Lang Cat has found.

In its sixth annual State of the Advice Nation report, The Lang Cat revealed that during the year of Consumer Duty implementation, fears of further ‘compliance and regulation' is the main issue keeping a third (31%) of advice business owners awake at night. Many expressed concerns about the pace and volume being difficult to contend with. On top of this, the fear of failing to meet client expectations is causing sleepless nights for one in ten. This issue features more prominently than in previous years reflecting hostile markets, according to the report. "Respondents talked...

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 Your profession

The importance of advisers' digital presence in financial services

The importance of advisers' digital presence in financial services

'Inconsistency can be just as damaging as invisibility'

Setul Mehta
clock 12 February 2025 • 3 min read
MPs warn £5.5bn tax evasion cost could be 'vastly underestimated'

MPs warn £5.5bn tax evasion cost could be 'vastly underestimated'

HMRC ‘does not have a clear objective or strategy to tackle the issue’, committee finds

Jen Frost
clock 12 February 2025 • 3 min read
AJ Bell adds MPS range to Mabel Insights platform

AJ Bell adds MPS range to Mabel Insights platform

AJ Bell: ‘The Mabel Insights platform provides advisers with a wealth of information’

Sahar Nazir
clock 11 February 2025 • 1 min read