Paul Bagley says regulation and government policy can feel heavy at times, but the energy that is going into attracting fresh talent and keeping clients at the heart of the conversation shows that this is an industry with real staying power...
Regulation is usually introduced with the best intentions. Take Consumer Duty as an example. It was created to raise standards of care and ensure customers get fairer treatment. On paper, it's straightforward and sensible. In practice though, the way rules are applied can sometimes create challenges or unintended consequences, even when the purpose behind them is sound. This theme was clear in our latest Voice of the Adviser Nation survey, which questioned advisers and planners from across the UK. Some seven in ten respondents said some regulations were at odds with each other. ...
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