Financial firms' confidence in the Financial Conduct Authority's (FCA) communication and regulatory approach has declined over the past year, according to the FCA and Practitioner Panel Survey (FCAPP).
Published on 3 October, the results showed that while most firms still rated the FCA's communication as clear and consistent, there had been a rise in discontent among fixed firms. The proportion of fixed firms disagreeing that FCA communication is clear rose to 11%, up from 2% last year. Those who said it was inconsistent jumped to 17% (from 8%), and those who found it irrelevant climbed to 9% (from 0%). By contrast, a majority of both fixed and flexible firms still agreed that FCA communication remains clear, consistent and relevant. Among flexible firms, however, awareness of the r...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
