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Chris Davies: Five steps to future-proofing your business

It has been raining regulation for some time now and with that comes consequences – both intended and not so much. The Financial Advice Market Review is testament to a gaping unintended consequence of the RDR and we have plenty more waiting to clobber unassuming and unprepared businesses as we move into the new “professional” […]

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FCA will not intervene on platform switching despite ‘status quo bias’ concerns

The FCA has no plans to intervene in the platform switching space despite experts warning obstacles to transferring clients are increasing “status quo bias”. The FCA warned this morning that advisers are failing to complete regular due diligence on their platform choices, with some firms showing a strong bias to incumbent firms, rather than alternatives. […]

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FCA orders past business review over advice due diligence failings

The FCA has ordered one firm to conduct a past business review and three more to improve processes following a thematic review of adviser due diligence. The FCA reviewed the work of 13 advice firms, also visiting seven consultancies and three providers to assess the market. FCA director of life insurance and financial advice Linda […]

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