FCA data information request: Four focus areas for advisers

‘Data is not just a compliance tool it’s a strategic asset’

clock • 5 min read

What does the latest FCA data information request say about the future of UK financial advice? Chris Davies asks and answers…

UK financial advice firms are facing growing expectations around data governance, service transparency, and operational oversight.  The most recent Financial Conduct Authority (FCA) data information request shines a spotlight on the type of data advice firms are increasingly expected to collect, monitor, and explain with implications for firms of all sizes.  Based on this latest FCA data information request, four strategic focus areas are emerging that firms should act on now to ensure they're prepared for the future.  1. Client service models – define, deliver and evidence Firms...

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