Gov't and FSA must sing from same hymn sheet

clock

Everyone in the industry has an opinion on the FSA, particularly at the moment with the regulator's push toward a more principles-based system for delivering advice.

And maybe a touch surprisingly, given the usual nature of relationships with authorities, a large chunk of it seems to be positive. I base this not on an industry-wide survey, but on three meetings I have had in the last three days. In each, the FSA, no TCF, was brought up and, even though there were a few grumblings, all concluded somewhere along the lines of: “They’re trying to improve the industry, and (finding this bit difficult to say) that’s a good thing”. Of course it is. But, and how many times will you hear this phrase in your life, the man in the street is getting overlooked. ...

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

Sector divided on Reeves' pullback on Cash ISA reform

Sector divided on Reeves' pullback on Cash ISA reform

‘A big win for defenders of a broken system’

Sorin Dojan
clock 11 July 2025 • 2 min read
FCA flags progress on internal DEI targets and urges action on Consumer Duty

FCA flags progress on internal DEI targets and urges action on Consumer Duty

According to the FCA report 2024-2025

Sahar Nazir
clock 11 July 2025 • 2 min read
FCA reviewing client categorisation rules to distinguish retail investors from the pack

FCA reviewing client categorisation rules to distinguish retail investors from the pack

Goal of 40 more initiatives to be completed by year end

Eve Maddock-Jones
clock 10 July 2025 • 2 min read