The Financial Conduct Authority appears worried pension freedom may be encouraging some advisers still to focus on transactions rather than outcomes so, asks Tim Sargisson, could the regulator have a point?
In the last few weeks, the financial press has been awash with headlines shouting out warnings. "FCA issues suitability warnings over DB transfers and considers thematic review", "FOS SIPP claims rise another 12%" and "FCA wants to see suitability at every turn" are just three such headlines that have caught my eye. Could it be the case that what ties these events together are advisers focusing on the moment rather than the outcome? Could it be the case that, as an industry, we are still too transactional? While we talk about financial planning and evolving our business model to be finan...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
