Where will the FCA strike wealth managers next?

Wealth managers who only have limited contact with the regulator should be wary of staying below the radar and ought to make efforts to contact the Financial Conduct Authority (FCA), consultant Richard Scrivener from regulation specialist Bovill has advised.

During a near 20-year long career at the FCA’s predecessor, the Financial Services Authority (FSA), Scrivener found wealth firms not participating in roadshows or regional events were considered to have a lackadaisical attitude towards regulation. Instead, he said wealth managers that do not already do so should try and pro-actively engage with the new regulator by attending events where possible. “If there is a roadshow in your area make sure someone from your firm goes. One of the pieces of intelligence the FCA will take into account will be your willingness to attend a roadshow or ...