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

News editor's view: Taxing questions for advisers

News editor's view: Taxing questions for advisers

The news editor's Friday Night Takeaway from 9 October

Isabel Baxter
clock 09 October 2026 • 2 min read
Why the new chancellor must rebalance growth and consumer protection

Why the new chancellor must rebalance growth and consumer protection

'Healy should re-empower the FCA to unleash the full potential of Consumer Duty'

James Daley
clock 09 October 2026 • 3 min read
High performing advice firms generating 16% more revenue

High performing advice firms generating 16% more revenue

Dimensional Fund Advisors reveals

Sophia Panayi
clock 08 October 2026 • 2 min read