PA360: FCA's Hulme - Targeted support will 'never' replace holistic financial planning

A ‘broader stepping stone’ to fully fledged advice

Isabel Baxter
clock • 2 min read

The Financial Conduct Authority (FCA) has stressed that targeted support is not there to replace holistic financial planning, delegates heard.

Speaking at PA360 event today (1 May), FCA head of advisers, wealth and pensions Nick Hulme addressed the FCA's 2025/30 strategy to the advisers and planners in the room. "We are genuinely serious about stepping up with the change with you," Hulme told delegates. "We need to be different and need to do so together." Hulme highlighted the FCA's aim to be a "smarter" regulator whilst remaining assertive about taking out the "bad actors" in the industry. He then cited the regulator's recent move to remove three data collections in a bid to "reduce burden and unlock economic growth". ...

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 Regulation

PIMFA publishes non-financial misconduct guidance

PIMFA publishes non-financial misconduct guidance

In partnership with CII, CISI and Clyde & Co to help firms navigate FCA’s updated rules

Sophia Panayi
clock 23 June 2026 • 2 min read
FCA set to raise market abuse penalties and bring crypto into scope

FCA set to raise market abuse penalties and bring crypto into scope

Minimum fine raised

clock 16 June 2026 • 2 min read
Director jailed for near £9m investment fraud

Director jailed for near £9m investment fraud

Declan Nowell sentenced for ‘Ponzi-style’ investment scam

Sophia Panayi
clock 01 June 2026 • 2 min read