99% of advisers unsure of FCA accountability

Industry News | 21/06/17

Fewer than 1% of advisers believe they understand what the FCA is accountable for, or how it is accountable, due to its “poor communication with the industry”, according to Panacea Adviser research. 60% of respondents said they knew little or nothing about what the regulator is held accountable for, with calls from over 90% of advisers for greater communication from the regulator around the issue of accountability. 70% of advisers said that the accountability of the regulator has not improved at all following the creation of the FCA.