Financial advice firms have been urged to prepare for more assertive regulatory oversight as the Financial Conduct Authority (FCA) sets its priorities for the rest of the decade, with a strong focus on innovation, accessibility, and conduct, according to FCA head of advisers, wealth and pensions Nick Hulme.
Speaking at the Morningstar Investment Conference 2025 today (7 May), Hulme signalled a shift towards "going harder and faster" as the FCA looks to create a vibrant, innovative market while reducing unnecessary burdens on regulated firms. He stressed that while the regulator is aiming to optimise data usage to ease operational friction, it will simultaneously raise expectations on delivery and transparency across the industry. Advice gap firmly in the regulator's sights Hulme reiterated that only 8% of people currently access financial advice annually. He confirmed the regulator wi...
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