From pain to positives: Why advisers need to think differently about regulation

Reframing the burden of adviser regulation

clock • 5 min read

There are some things advisers just have to take on the chin, writes Andrew Goodwin. And regulation is one of them...

So how did you enjoy the first year of Consumer Duty? Did it genuinely transform your approach to business? Did your clients express their eternal gratitude for your supposedly newfound commitment to delivering 'good outcomes'? Forgive me if I sound unduly cynical. I don't mean to imply Consumer Duty is a bad thing. I just happen to know that many IFAs consider it yet another sizeable and largely unnecessary bureaucratic burden foisted on them by regulators and policymakers. I say "largely unnecessary" because it strikes me that every IFA should strive for "good outcomes" in any event...

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 Regulation

Failed financial advice firms tracker

Failed financial advice firms tracker

Firms that the FSCS has confirmed as failed since the start of 2023

Professional Adviser
clock 15 May 2026 • 1 min read
Abuse victims must not be 'blocked' from redress, group urges

Abuse victims must not be 'blocked' from redress, group urges

In response to FCA and FOS consultation paper

Jen Frost
clock 12 May 2026 • 3 min read
FCA receives 210 whistleblower complaints over Consumer Duty in Q1

FCA receives 210 whistleblower complaints over Consumer Duty in Q1

Closed 265 whistleblowing cases between January and March

Michael Nelson
clock 11 May 2026 • 2 min read