FCA to carry out consolidation review

Sets out two-year priority timeline

Sahar Nazir
clock • 3 min read

The Financial Conduct Authority is set to carry out a multi-firm review into consolidation of financial advice firms.

It wrote to CEOs and directors yesterday (8 October) setting out its expectations of financial advisers and investment intermediaries. FCA remains resolute on whistleblowing review amid claims of inaccuracies In the letter, the regulator said 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, FCA d...

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