Stuck in the regulatory crossfire

"Distributors remain the meat in the sandwich"

clock • 2 min read

Tony Müdd, divisional director - development and technical consultancy, St. James’s Place, discusses recent examinations of financial conduct regulation by parliamentary bodies.

On Monday (16 March, 2026), the All-Party Parliamentary Group (APPG) on Investment Fraud and Fairer Financial Services dropped a 250-page bombshell report. Then yesterday, the House of Lords Industry and Regulators Committee held its final evidence session on 'Regulators and Growth.' Two parliamentary bodies, two very different takes on the same regulator - the FCA - with distributors and, by definition, the clients we serve, stuck right in the middle. The APPG report pulls absolutely no punches: UK financial conduct regulation is "systemically flawed". Repeated scandals, ignored warn...

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

FCA: Pure Protection Market Study does "not give a clean bill of health" to industry

FCA: Pure Protection Market Study does "not give a clean bill of health" to industry

Firms still need to demonstrate fair value

Jaskeet Briah
clock 10 November 2026 • 2 min read
Budget 26: Protection and health reacts

Budget 26: Protection and health reacts

A missed opportunity

Cameron Roberts
clock 28 October 2026 • 5 min read
IPT receipts hit £4.53bn in H1 2026/27

IPT receipts hit £4.53bn in H1 2026/27

Down £11m year-on-year

Jaskeet Briah
clock 21 October 2026 • 2 min read