Chris Davies: Keeping a firm handle on regulatory and financial risks

Competence, conduct and profitability

clock • 4 min read

The FCA's accountability regime means advisers must now constantly prove they have their finger on the pulse of their businesses' competence, conduct and profitability, writes Chris Davies

With the retail investment adviser (RIA) market now under severe scrutiny through the FCA's accountability regime, the regulator's latest Data Bulletin focused on 2018 Retail Mediation Activities Return-driven data analysis across revenues, profitability, number of firms, capital resource, professional indemnity insurance (PII) premiums and advice type and revenue from adviser charges. So what were the key findings? * RIA numbers are up by 5% since 2016, with 26,677 advisers in the UK. * Retail investment revenues has increased 12% from £3.95bn to £4.42bn (12%). Mortgage business i...

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