Regulation: A new risk (that's not so close to home)

Paul Stanfield, chief executive of FEIFA, says the FSA has taken note of the growing number of UK IFAs with overseas clients.

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With emigration on the rise, more UK advisers than ever before have overseas clients. And Paul Stanfield, chief executive of FEIFA, has it on good authority that the FSA has taken note...

Those of us who have worked in this industry for any amount of time have experienced many business risks. Sometimes we know what the risks are; sometimes they come out of the blue. Before, during and after a recent meeting I had with the FSA, I became aware of a potential (and growing) risk. And the regulator is already aware of it. Increased mobility In the past decade or more we have seen an increasing migration of people across the globe. In the UK this is often highlighted by the sensitive subject of a perceived immigration problem; there is generally far less focus on the risin...

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