Killjoy? Why the FCA's inducement crackdown is going too far

Killjoy? Why the FCA’s inducement crackdown is going too far

clock

Compliance departments are getting incredibly twitchy about all kinds of entertainment, writes Derek Bradley...

Just before I went on holiday – paid for all by myself, I might add – I read a story about the limits many firms have to place on both entertainment budgets and the acceptance of corporate hospitality because of the Financial Conduct Authority's (FCA) guidance, which was issued on this matter earlier this year. The long and the short of it is that "corporate inducements" are in the cross-hairs of the FCA snipers, which means that compliance departments are getting incredibly twitchy about all kinds of entertainment which, in the past, would have been a natural part of a firm's "marketing...

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

News editor's view: FCA continues to bring the heat 

News editor's view: FCA continues to bring the heat 

The news editor's Friday Night Takeaway from 3 July

Isabel Baxter
clock 03 July 2026 • 3 min read
FCA urges firms to improve legacy pension value despite historic advice

FCA urges firms to improve legacy pension value despite historic advice

Individuals holding legacy products receiving poorer value, regulator finds

Isabel Baxter
clock 02 July 2026 • 3 min read
FCA reveals 13 firms applied for targeted support authorisation

FCA reveals 13 firms applied for targeted support authorisation

Up from seven in March

Sophia Panayi
clock 01 July 2026 • 2 min read