Armchair Critic: What does the current burst of acquisitions mean for advice?

Expansion, not consolidation, key for advice sector

clock • 4 min read

Industry consolidators do not need extra attention from the regulator, argues Professional Adviser's Armchair Critic - they just need to remember who they are buying and why

Building up a business and selling it to make some capital is a well-trodden path in any market economy and it is very natural that some adviser practices would do just this. I have no sympathy with Royal London's call for the FCA to scrutinise the outcomes where a financial advisory practice is sold to a life group as with, say, Standard Life with its 1825 brand. While I have argued in this space that vertical integration carries risks for the consumer, I would say it is up to all parties involved within the business to ensure consumer value. Whatever you say about vertical integration,...

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

Feel Good Friday: Quilter pledges £3m towards financial education

Feel Good Friday: Quilter pledges £3m towards financial education

Alongside £1m in grants supporting charities

Professional Adviser
clock 13 February 2026 • 1 min read
Brits unlikely to see IFAs despite Budget impact

Brits unlikely to see IFAs despite Budget impact

Just 19% were likely to seek advice, Continuum finds

Isabel Baxter
clock 12 February 2026 • 3 min read
Treasury consults on AR regime adding further FCA and FOS permissions

Treasury consults on AR regime adding further FCA and FOS permissions

Amid concerns about consumer harm and weaknesses in oversight

Isabel Baxter
clock 12 February 2026 • 3 min read