Andrew Goodwin: Why we all need to rethink consolidation

FCA's consolidation review a 'wake-up call' for sellers and buyers alike

clock • 4 min read

The process, effort and disruption involved in selling an IFA practice remains hugely underestimated, writes Andrew Goodwin

I wrote a few months ago about the value of attempting to find positives in the near-relentless slew of regulation that nowadays confronts the adviser community. Well, folks, it's that time again.  By announcing a review into consolidation in the advice market, the Financial Conduct Authority (FCA) recently set alarm bells ringing for the umpteenth time. As has become traditional, this latest brainwave is largely centred around Consumer Duty and "good outcomes". I've already made clear my view on the cult of "good outcomes". I regard the term as borderline redundant, since anyone who ...

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

Navigating PISCES: FCA regulation doesn't equal protection

Navigating PISCES: FCA regulation doesn't equal protection

'Those investing via PISCES, and their advisers, should scrutinise issuers and their disclosures carefully'

James Tyler
clock 28 March 2025 • 4 min read
FOS sides with Ludlow WM after client's professional representative made 'poor submissions'

FOS sides with Ludlow WM after client's professional representative made 'poor submissions'

Complaint not upheld against Ludlow Wealth Management

Isabel Baxter
clock 27 March 2025 • 3 min read
Regulators rethink D&I targets 'to avoid additional burdens on firms'

Regulators rethink D&I targets 'to avoid additional burdens on firms'

FCA and PRA to take different appraoch to diversity and inclusion

Linus Uhlig
clock 13 March 2025 • 2 min read