Gill Davidson: Make FCA register fit-for-purpose

The events surrounding the British Steel Pension Scheme threw a much needed spotlight on several flawed areas of the advice industry and things that need to be improved. One such area is the Financial Conduct Authority's (FCA) adviser register, as many of the 13,000 steelworkers who were looking for a pension transfer value struggled to find a qualified adviser by using it. The register is positioned as a public record that consumers can rely on to check they are dealing with a legitimate adviser. It is well publicised and used. As Professional Adviser revealed last December, from Novemb...