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...

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