Advisers fearful of further compliance and regulation

Pressure and workload are causing unrest

clock • 2 min read

Fears of further compliance and regulation is the main issue keeping advice business owners awake at night, The Lang Cat has found.

In its sixth annual State of the Advice Nation report, The Lang Cat revealed that during the year of Consumer Duty implementation, fears of further ‘compliance and regulation' is the main issue keeping one third (31%) of advice business owners awake at night. Many expressed concerns about the pace and volume being difficult to contend with. On top of this, the fear of failing to meet client expectations is causing sleepless nights for one in 10. This issue features more prominently than in previous years, reflecting hostile markets, according to the report. "Respondents talk...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Adviser / Broking

FCA warns of Rosemount clone

FCA warns of Rosemount clone

Fraudsters targeting individuals

Isabel Baxter
clock 11 November 2024 • 1 min read
COVER Protection and Health Summit 2024: Afternoon roundup

COVER Protection and Health Summit 2024: Afternoon roundup

Product updates and core skills

Cameron Roberts
clock 11 November 2024 • 4 min read
SBG acquires stake in New Homes Mortgage Services

SBG acquires stake in New Homes Mortgage Services

Undisclosed sum

Jaskeet Briah
clock 08 November 2024 • 1 min read