Advisers grapple with escalating regulatory pressure

The FCA and its Consumer Duty cited as sources of frustration

Sahar Nazir
clock • 1 min read

Financial advisers and paraplanners are feeling increasingly concerned about regulatory pressure, according to a recent PA Asks poll.

This week's results showed that the overwhelming sentiment among respondents is that regulation continues to be the biggest hurdle. The Financial Conduct Authority (FCA) and its Consumer Duty requirements were frequently cited as sources of frustration. Respondents said regulation will be the biggest challenge for the industry this year. "Trying to provide advice for the man in the street is becoming impossible due to the rise in our operating costs," lamented one industry professional. Another respondent said they expect to cope with "the ever time consuming and hence costly regul...

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

My Care Hub expands to public following strong adviser support

My Care Hub expands to public following strong adviser support

Advice sector has played ‘pivotal role’ in successful rollout of care guidance platform

Jenna Brown
clock 10 September 2025 • 4 min read
CBI CEO urges Rachel Reeves to take back manifesto promise not to raise tax – report

CBI CEO urges Rachel Reeves to take back manifesto promise not to raise tax – report

Rain Newton-Smith claims ‘the time for tinkering is over’

Isabel Baxter
clock 10 September 2025 • 2 min read
'Fundamentally' different advice profession risks reputational damage from football scandal

'Fundamentally' different advice profession risks reputational damage from football scandal

High profile advice incidents like V11 ‘damaging’

Isabel Baxter
clock 09 September 2025 • 3 min read