Brexit and the pandemic bring an opportunity for regulatory reform

A 27 minute watch.

Octo Member’s Campaign Resource Hub talks to Keith Richards the CEO of the Personal Finance Society about securing regulatory change, how advisers need to offer solutions to ministers in return for the changes they are seeking and why now is the time to get a hearing from policymakers.

“We are at the point of potential significant change not least because our own government want the UK’s retail financial services sector to be a centre of excellence for the rest of the world. We have an important change afoot driven by other mechanisms [particularly Brexit and Covid-19]. The chancellor is leading a review of how to better position the retail financial services sector.”

“If we are not going to address the concerns the regulator has about the market, the regulator is not going to address the concerns we have about regulation or overregulation.”

“We have got to bring the sector together to recognise there is a genuine opportunity.”