One of us: Derek Bradley wants less regulatory gobbledygook

GOBBLEDYGOOK

clock

In his first column for Professional Adviser and IFAonline.co.uk, Panacea Adviser CEO Derek Bradley calls for plain speaking and common sense from the new financial services regulator.

Apparently, "behavioural biases can render regulatory interventions aimed at addressing information asymmetries harmful". This less-than-plain-English comment was made by the Financial Conduct Authority (FCA) in regard to evidence that "extra information may lead consumers to make poorer decisions by distracting them or making them under- or over-react to emotionally charged topics like financial advisers' conflicts of interest". So, with the arrival of the FCA, we now hear there is a possibility that the large amount of information produced regarding products and advice could lead to...

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's data reporting cuts: 'A start but fairly low hanging fruit'

FCA's data reporting cuts: 'A start but fairly low hanging fruit'

Impact is yet to be determined but a positive step, commentators say

Isabel Baxter
clock 29 April 2025 • 4 min read
FCA proposes to cut down on data reporting for firms

FCA proposes to cut down on data reporting for firms

Part of regulator’s programme to ‘reduce burden’

Isabel Baxter
clock 16 April 2025 • 2 min read
FCA pumps £3.7m into advice/guidance boundary review work

FCA pumps £3.7m into advice/guidance boundary review work

Come as the regulator proposes to increase fees by 2.5%

Isabel Baxter
clock 08 April 2025 • 3 min read