Andrew Goodwin: Why we all need to rethink consolidation

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 ...