When a headteacher writes to a parent or guardian about the poor behaviour of their child, they will generally act. In much the same way, when a regulator shows its teeth, it tends to make firms listen. When I used to write for a utility publication the regulators (particularly the water regulator Ofwat) were often -
The UK financial watchdog has threatened to be "more assertive, intrusive, proactive" in its supervision of wealth managers and stockbrokers, and said.
FCA warns wealth managers to justify high fees ftadviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ftadviser.com Daily Mail and Mail on Sunday newspapers.