From the Ed: This is not the end

BEST OF THE BEST?

Scott Sinclair
clock

Is the Financial Services Authority (FSA) the best regulator in Europe?

Given that it has refused to budge on its flagship piece of work (the RDR), even though a number of key European stakeholders are unsure on some of its aspects, it seems the FSA itself believes it is. The thing with a commission system is not that it is abused (though it clearly has been), but that it is, by design, open to abuse. It leaves the consumer at the mercy of the system. The FSA quite rightly decided a system which so readily (if unintentionally) promoted mis-selling must end. But, almost unbelievably, a key negotiator on MiFID this week said what hundreds of advisers have b...

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 Your profession

More than a third of advisers have not mentioned Consumer Duty to clients

More than a third of advisers have not mentioned Consumer Duty to clients

Only about a quarter of advisers have mentioned the regulation to clients

Sahar Nazir
clock 20 November 2024 • 2 min read
ISA reform 'under review' after absence in Budget and Mansion House

ISA reform 'under review' after absence in Budget and Mansion House

There are five different types of ISAs available on the market

Cristian Angeloni
clock 20 November 2024 • 3 min read
Half of industry rejects shift to four-day work week

Half of industry rejects shift to four-day work week

50% said a four-day work week would not work for them

Sahar Nazir
clock 20 November 2024 • 2 min read