FCA mulls plans to place advisers on separate consumer register

In August last year, a freedom of information request submitted by Professional Adviser to the Financial Conduct Authority (FCA) revealed all CF30 certified workers, which includes all financial advisers, would no longer be "approved" under the incoming SM&CR, meaning a number of advisers would fall off the Financial Services Register. In a statement issued earlier this week, however, the financial watchdog said it had received "substantial feedback" on the public value of the FCA maintaining a central public record of certified employees and other important individuals in firms regulate...