Advisers fearful of further compliance and regulation

Pressure and workload are causing unrest

clock • 2 min read

Fears of further compliance and regulation is the main issue keeping advice business owners awake at night, The Lang Cat has found.

In its sixth annual State of the Advice Nation report, The Lang Cat revealed that during the year of Consumer Duty implementation, fears of further ‘compliance and regulation' is the main issue keeping one third (31%) of advice business owners awake at night. Many expressed concerns about the pace and volume being difficult to contend with. On top of this, the fear of failing to meet client expectations is causing sleepless nights for one in 10. This issue features more prominently than in previous years, reflecting hostile markets, according to the report. "Respondents talk...

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