Last year involved a strange combination of regulatory liberalisation as we started to experience the FCA's reaction to the political growth challenge whilst simultaneously dealing with burdensome data requests and intrusive supervisory interventions. The FCA, backed by reforms of FOS, could be on the path to a better balance of risk and consumer protection, with policies to encourage innovation and investment (by firms and their clients) and supervision strategies to identify and address harms before it's too late. Whatever happens, 2026 will be another exciting year in wealth management.
Key Topics Covered in the Review
Our report explores the most pressing developments and challenges from the past year, including:
- Regime change: AGBR and targeted support, adviser platforms, FOS and the redress framework reforms
- Regulatory reviews: the FCA's consolidation review, change in control applications, the CFD multi firm review, and skilled persons reviews
- Special situations: SIPPs, Special Administrations and a regulatory review of a 'finfluencer'
Our Expertise
Our team of lawyers and consultants remains at the forefront, advising clients on these critical issues and helping them navigate a complex and dynamic regulatory environment.
Please contact the authors if you want to discuss these issues or any other trends shaping wealth management.
