The FCA increasingly has its sights on the social media platforms and how they are currently promoting scams.
In its report on the FCA AGM, FTadviser quotes the chairman Charles Randell saying the number of fraudulent adverts which were allowed to appear online was "deeply frustrating" and an "unsatisfactory situation". Much of his ire is reserved for Google.
The question is how much pressure can a powerful national regulator put on a global social media platform.
In the regulated market, 'making the polluter pay' is also firmly on the FCA's agenda.
There is a strong statement from the FCA's interim strategy and competition director Sheldon Mills who says the regulator needs to stop bad actors to reduce FSCS costs at its annual meeting.
Advisers will not doubt say they have heard this before, but I think the comments are worth watching closely because the regulator does seem to want change. However, the regulator also seems to suggest it is a difficult road to get there.
Separately, the FCA has told regulated firms to obey local lockdowns and national restrictions as Citywire reports. I seriously doubt whether many firms were doing anything different, but maybe it’s right that the regulator crosses ‘T’s and dots ‘I’s on this.
‘ESG as it is today won’t exist in 10 years – it will be the norm’ argues Premier’s principal and head of investment strategy Robert Hird.
It does strike me that a lot of time and money is being devoted to ESG and demand is definitely up. Yet I remain sceptical it can rise to all the challenges such as really helping on progress towards the UN development goals – (Happy to be convinced otherwise). Does the ESG sector need to convince investors more broadly that it can really achieve what it is setting out to?
Keith Churchouse writing in Professional Adviser discusses considering your personal ESG as we move into a period of new restrictions for financial advisers and planners.
Consultant Clive Waller pens a provocative column for Money Marketing suggesting that if you are an adviser will a filing cabinet full of the details of baby boomers you should be concerned about where your new business is coming from in coming years.
Numis Securites puts the value of advice at 2 per cent a year in a comparison of value added between Hargreaves Lansdown and SJP conducted by Numis Securities
The analyst said it chose the two firms because they are regarded as the bellwether stocks for advised and non-advised. IFAs may have a different view.
