Blog: It's time caveat emptor meant something

Isn't it time it meant something?

Carmen Reichman
clock

With regulators claiming the public cannot understand simple concepts like percentages, Professional Adviser correspondent Carmen Reichman argues the industry is in danger of taking its consumer hand-holding too far...

The Financial Conduct Authority (FCA) prides itself on being a pre-emptive, consumer outcomes-focused regulator, and rightly so. But it's time for consumers to step up their game and start taking responsibility for their own actions. It's understandable the FCA wants to ensure firms are transparent and give consumers an overview of the costs and services involved when seeking financial advice or buying a financial product. But not all firms are bad and the FCA's habit of micro managing the industry has been seen to achieve the undesired side effect of frightening firms into inaction, ...

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

Autumn Budget 2025: Treasury rules out rumoured Budget pensions tax-free lump sum raid

Autumn Budget 2025: Treasury rules out rumoured Budget pensions tax-free lump sum raid

Was becoming a ‘great source of anxiety’ among savers

Professional Adviser
clock 12 November 2025 • 1 min read
Male-dominated image still deters women from financial planning

Male-dominated image still deters women from financial planning

Women’s Wealth Alliance report calls for CPD framework to close gender gap

Sahar Nazir
clock 11 November 2025 • 2 min read
Evelyn Partners exits employee benefits arm to 'refocus on wealth management'

Evelyn Partners exits employee benefits arm to 'refocus on wealth management'

Howden to acquire Evelyn Partners Financial Services

Sahar Nazir
clock 11 November 2025 • 3 min read