Derek Bradley: Simplified advice can't work without simplified regulation

clock • 3 min read

We can forget simplified advice without simplified regulation, writes Derek Bradley

I am becoming very worried about UK plc. With our industry battered beyond recognition by claims of mis-selling and rate fixing, the impact of high-frequency trading and dark pools reaching ever more epic proportion and with much of the blame laying at the doors of banks, I cannot see simplified advice (something that the Financial Conduct Authority (FCA) is looking at creating because Retail Distribution Review made the void that now needs to be filled) getting anywhere soon. Simplicity of financial advice delivery it seems is difficult to define. There is considerable uncertainty an...

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 RDR

RDR ten years on: An advice industry changed for the better
RDR

RDR ten years on: An advice industry changed for the better

'The end of the advice industry as we know it'

Kevin Silvester
clock 08 February 2023 • 2 min read
RDR

Deja vu: Are we heading back to the future on commission?

Marty, fire up the DeLorean

Tim Sargisson
clock 13 January 2016 • 3 min read
RDR

Blog: How can we shrink the advice gap?

The advice gap has been a popular topic since the Retail Distribution Review, but hasn't this gap always existed?

clock 02 November 2015 •