From pain to positives: Why advisers need to think differently about regulation

Reframing the burden of adviser regulation

clock • 5 min read

There are some things advisers just have to take on the chin, writes Andrew Goodwin. And regulation is one of them...

So how did you enjoy the first year of Consumer Duty? Did it genuinely transform your approach to business? Did your clients express their eternal gratitude for your supposedly newfound commitment to delivering 'good outcomes'? Forgive me if I sound unduly cynical. I don't mean to imply Consumer Duty is a bad thing. I just happen to know that many IFAs consider it yet another sizeable and largely unnecessary bureaucratic burden foisted on them by regulators and policymakers. I say "largely unnecessary" because it strikes me that every IFA should strive for "good outcomes" in any event...

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

West Yorkshire advice firm declared failed

West Yorkshire advice firm declared failed

Fifth FSCS firm failure of 2025

Jen Frost
clock 21 February 2025 • 2 min read
Modernising the redress system: A significant opportunity for reform

Modernising the redress system: A significant opportunity for reform

‘Genuine and significant opportunity to rethink the way that complaints are resolved’

David Pygott
clock 19 February 2025 • 5 min read
Navigating FCA supervisory visits: Insights on Consumer Duty compliance

Navigating FCA supervisory visits: Insights on Consumer Duty compliance

Preparation is key: Lessons from Curve’s experience

Professional Adviser
clock 17 February 2025 • 4 min read