June has been a dynamic month for the financial advice industry, marked by significant developments and shifting sentiments. This month has seen regulatory scrutiny and operational challenges…
Policy watch… Earlier this month, the majority of the advice industry said in a Professional Adviser poll that they believe the government should reform the Financial Conduct Authority (FCA), saying the regulator is "not fit for purpose". Meanwhile, FE Fundinfo said the Consumer Duty has changed what advisers look for in a centralised investment proposition (CIP) or managed portfolio service (MPS). Its 2024 Financial Adviser Survey found that since Consumer Duty came into force, almost a fifth of respondents (18%) said the regulation had changed what they look for. FNZ founder and g...
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