It was good to see the Guidance Consultation from the FCA on the fair treatment of vulnerable clients that has recently been published.

Since the 2008 financial crisis, regulators have held many firms to account for failings, but very few individuals. The Senior Managers & Certification Regime (SM&CR) was introduced to address this.

Financial Planning Today’s story this week revealing that more than 600 ‘ambulance chaser’ firms had applied to the FCA for authorisation will have sent shivers down the spine of many planners, IFAs and wealth managers.

The FCA’s recent Retirement Outcomes Review was a very welcome and thought-provoking paper. The report will result in a number of changes for the industry and it will be interesting to see which direction the FCA goes in its final review.