FCA to carry out consolidation review

Sets out two-year priorities for financial advice

Sahar Nazir
clock • 3 min read

The Financial Conduct Authority (FCA) has said it will carry out a multi-firm review into consolidation of financial advice firms.

It wrote to CEOs and directors setting out its expectations of financial advisers and investment intermediaries. The FCA said in its letter that it expects firms to carry out several checks prior to consolidation. It further outlined its two-year priorities as it looks to "ensure consumers receive consistently good outcomes from a sector which is sustainable and well placed for the future" as firms grow and serve new markets. Consolidation comes into FCA focus On consolidation, Lucy Castledine, director of consumer investments, FCA said: "There has been an increase in the acquisitio...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Regulation

NHS launches 10-year health plan

NHS launches 10-year health plan

“Reform or die”

Jaskeet Briah
clock 03 July 2025 • 5 min read
CII calls for new approach to vulnerability data sharing

CII calls for new approach to vulnerability data sharing

Many firms displaying “excessive caution”

Jaskeet Briah
clock 25 June 2025 • 2 min read
IPT receipts hit £1.48bn in May 2025

IPT receipts hit £1.48bn in May 2025

Up £50m year-on-year

Jaskeet Briah
clock 20 June 2025 • 2 min read