Phil Deeks: Three ways the FCA's competition agenda can work for your business

The virtuous circle of competition

clock • 3 min read

Phil Deeks considers three fundamental areas financial advice firms should be focusing on to ensure they are on the front foot for embracing the FCA's increasing focus on competition

Effective competition is beneficial for all market participants - industry and consumers alike. It should therefore come as no surprise that this is a core focus for the Financial Conduct Authority (FCA) in achieving all three of its statutory objectives - protecting consumers, ensuring market integrity and promoting effective competition. Although the FCA's concurrent competition powers that it has the authority to enforce the prohibitions under UK and European Union competition law where it did not before - such as pricing - firms should not view it as just another regulatory hurdle 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 Your profession

The banks are back: What does this mean for advisers?

The banks are back: What does this mean for advisers?

Banks ‘uniquely positioned’ to provide advice to mass market

Sophia Panayi
clock 24 August 2026 • 6 min read
Social media investment advice leaves investors out of pocket - research

Social media investment advice leaves investors out of pocket - research

Over half who acted on social media financial advice regretted it

Isabel Baxter
clock 21 August 2026 • 3 min read
New sexual harassment duty: Can adviser firms show they've taken 'all reasonable steps'?

New sexual harassment duty: Can adviser firms show they've taken 'all reasonable steps'?

'Employers will be expected to take all reasonable steps'

Emily Bradshaw
clock 19 August 2026 • 4 min read