I’m writing from the Consumer Duty Alliance’s conference for smaller firms in Birmingham today, so your Friday Night Takeaway looks a little different.
That's perhaps fitting, because FCA head of department for advisers, wealth and pensions Nick Hulme's keynote address this morning centred on ‘the importance of being different'. Hulme pointed to a need to change, noting issues that PA readers will be well aware of (and that featured in the supervisory letter published on Monday): the Great Wealth Transfer, ageing client and adviser populations, a defined benefit to defined contribution shift. Sector sustainability is going to be a big focus area for the FCA. It is further looking to become a more interactive and engaging regulator, H...
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