'We are different': An end of year message to advisers from the FCA

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The Financial Conduct Authority (FCA) has said it recognises it has "much to prove" to the advisory industry, but hopes its actions and approach will show it is different from previous regulators.

In an end-of-year message to advisers given exclusively to IFAonline.co.uk, the FCA said changes it had made to firms' RMAR reporting requirements, as well as its efforts to protect "legitimate" advisers by banning unauthorised businesses and individuals, show it is listening to them. "We recognise we have much to prove to the industry, but we are listening to you and hopefully you will see that we are different. We heard your concerns about reporting, and we are working hard to make it as simple as possible. "On unauthorised businesses and individuals, we are taking action to protect...

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