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.

clock

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...

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

FCA expected to align trail commission with Consumer Duty rather than 'switching off' service

FCA expected to align trail commission with Consumer Duty rather than 'switching off' service

Consultation is about ‘understanding and evidencing impact’

Sophia Panayi
clock 09 April 2026 • 4 min read
'Slow start' expected for targeted support as rules go live

'Slow start' expected for targeted support as rules go live

Royal London one of the first to get FCA approval

Sophia Panayi
clock 07 April 2026 • 4 min read
Former financial adviser hit with FCA ban after pocketing £54,000 from 'vulnerable' client

Former financial adviser hit with FCA ban after pocketing £54,000 from 'vulnerable' client

Daniel Leon Williams banned from regulated activities after being sentenced in 2024

Sophia Panayi
clock 07 April 2026 • 1 min read