Comment: we need innovation not regulation on pensions

PENSIONS

clock

With great power comes great responsibility. Rowanmoor's Mark Lisle urges the FCA's Martin Wheatley to use it wisely.

On 10 April, Martin Wheatley, chief executive of the Financial Conduct Authority (FCA), spoke on the influence behavioural economics will have upon how the FCA will improve regulation. When I came into financial services in the early 80s, the focus was on sales. There was one universal, immutable truth espoused - people buy from people. If they like you, they trust you. If they trust you, you can sell them anything you want. The outgoing regulator imposed upon the industry a set of standards for qualification that should ensure that only suitably knowledgeable intermediaries are let l...

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 Investment

Tyndall Partnerships head Sullivan on bespoke empowerment

Tyndall Partnerships head Sullivan on bespoke empowerment

‘No two IFAs invest in the same suite of models’

Isabel Baxter
clock 09 December 2024 • 4 min read
Smoothed funds set to be a 'bigger asset class for the advice market'

Smoothed funds set to be a 'bigger asset class for the advice market'

‘An attractive low-risk solution for retirees’

Isabel Baxter
clock 25 November 2024 • 3 min read
Advisers no longer see inflation as a major concern

Advisers no longer see inflation as a major concern

Funds offering a level of inflation protection were the last research, Square Mile finds

Isabel Baxter
clock 22 October 2024 • 4 min read