Andrew Goodwin: Why we all need to rethink consolidation

FCA's consolidation review a 'wake-up call' for sellers and buyers alike

clock • 4 min read

The process, effort and disruption involved in selling an IFA practice remains hugely underestimated, writes Andrew Goodwin

I wrote a few months ago about the value of attempting to find positives in the near-relentless slew of regulation that nowadays confronts the adviser community. Well, folks, it's that time again.  By announcing a review into consolidation in the advice market, the Financial Conduct Authority (FCA) recently set alarm bells ringing for the umpteenth time. As has become traditional, this latest brainwave is largely centred around Consumer Duty and "good outcomes". I've already made clear my view on the cult of "good outcomes". I regard the term as borderline redundant, since anyone who ...

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

FCA and FOS joint statement: Targeted support complaints are 'different'

FCA and FOS joint statement: Targeted support complaints are 'different'

Targeted support is a one-off service and does not involve ongoing suitability assessments

Jenna Brown
clock 11 December 2025 • 2 min read
The confidence gap: Why isn't wealth translating into investment

The confidence gap: Why isn't wealth translating into investment

'We can all help turn uncertainty into confidence, and savers into stakeholders'

Jo Kite
clock 11 December 2025 • 3 min read
Advice for all: Why targeted support is a once-in-a-generation opportunity

Advice for all: Why targeted support is a once-in-a-generation opportunity

'Mind the gap, and turn targeted support into enduring financial confidence'

Martin Taylor
clock 10 December 2025 • 4 min read