The advisers who refuse to act as 'Yes Men'

Laura Miller
clock

Some advisers are taking a stand against the old saying that the customer is always right - and are making a case for firmly telling the client ‘no'.

Treating customers fairly (TCF) is at the heart of the UK's financial services regulation, where the primary focus of the Financial Conduct Authority (FCA) is to regulate the industry in such a way as to promote good consumer outcomes. However, as Barclays' head of behavioural and quantitative investment philosophy Greg B Davies details in his monthly column for Professional Adviser, consumers don't always behave in a rational way that would lead them to positive results, especially when it comes to money. Clients often come to an adviser's door clutching the latest "guaranteed", get-...

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 Regulation

FCA urges firms to improve legacy pension value despite historic advice

FCA urges firms to improve legacy pension value despite historic advice

Individuals holding legacy products receiving poorer value, regulator finds

Isabel Baxter
clock 02 July 2026 • 3 min read
FCA reveals 13 firms applied for targeted support authorisation

FCA reveals 13 firms applied for targeted support authorisation

Up from seven in March

Sophia Panayi
clock 01 July 2026 • 2 min read
FCA establishes rules and standards for crypto in the UK

FCA establishes rules and standards for crypto in the UK

'Long overdue'

Patrick Brusnahan
clock 30 June 2026 • 2 min read