Why advisers shouldn't fear the rise of regulation

We've reached the one year anniversary of the Consumer Duty. It may be the most significant reform in the decade since the Retail Distribution Review (RDR), but it is also just the latest in a long line of new rules imposed on advisers over that time. From investigation into the definition of advice, to defined benefit transfers, to platform due diligence, to insolvency risk, the Financial Conduct Authority (FCA) seems to have looked at every facet of the market - and then found some more to look at down the back of the sofa. The Consumer Duty's birthday has inspired a long line of ‘w...