Mark Turner Discusses the FCA’s Warning to Financial Advisers

Mark Turner, Managing Director in Duff & Phelps’ Compliance and Regulatory Consulting practice, was featured in the Times, the New York Times and City A.M. discussing the FCA’s recent letter to chief executives expressing concerns over the potential and “significant harm” consumers face from unsuitable financial advice. 

Mark commented: “It was clear the FCA wanted advisers to take action immediately. This is a far-reaching letter to independent financial advisers (IFAs) reminding them of the important role they play in advising consumers on arguably the most important and significant financial decisions of their lives. The FCA is clear that they are still seeing outcomes and practices that they don’t believe are acceptable, particularly in the areas of Defined Benefit (DB) transfer advice and personally identifiable information (PII). This letter is a call to action. Supervisory teams will now expect firms and their Senior Managers to address the points raised without delay.” 

Read the full article in The Times here.

Read the full article in the New York Times here.

Read the full article in City A.M. here

Marks comments have also been featured in the following publications: Thomas Reuters, Insurance Journal, Business Mayor.

2020-01-29T05:00:00.0000000 0001-01-01T00:00:00.0000000 /about-us/news/mark-turner-fca-warning-to-financial-advisers /-/media/assets/images/news/featured-images/2019/mike-weaver-published-fs-focus.jpg news {DA6CC51B-740E-439A-B283-2BBFB5326BAA} {DE05ECA4-1852-4BEF-A4E1-491CB497F9CB} {4FD55120-2DD8-4DB5-8DAA-3D9212C2436D} {4678CD32-7147-4D6F-82E3-175B49DB1C03} {95D7F66C-11BB-4E7D-B07C-48874A321F98}

Related Services

By Jurisdiction

Regionally targeted assistance for asset managers in compliance program development, implementation and maintenance

By Jurisdiction

UK Regulation

Comprehensive compliance and regulatory support for FCA authorized firms.

UK Regulation

News