What do the government's AR proposals mean for advisers?

About this episode

The episode discusses the implications of the government's proposed changes to the AR regime for financial advisers.

The Treasury published a consultation earlier this month looking to make a number of changes to the AR regime to tighten it up. This included bringing ARs under the Financial Ombudsman Service ’s remit for complaints as well as making principal firms hold a special FCA permission in order to appoint an AR. FT Adviser's Amy Austin speaks to Simon Morris, a financial services partner with CMS, and David Mills, financial adviser and founder & chair of Pilot, about whether the changes will have a large effect and what advisers can expect. The FTAdviser Podcast is designed to inform regulated UK advisers on a range of topics, covering investments , pensions , regulation and other key issues. Hosted on Acast. See acast.com/privacy for more information.

People in this episode

Host: Amy Austin

Guests: Simon Morris, David Mills

Topics covered

• government proposals
• AR regime
• financial advice

Keywords

• Financial Ombudsman Service
• FCA permission
• consultation

Mentioned in this episode

Places: UK

More episodes of FTAdviser Podcast

• Is there a risk of buyer's remorse with AI? · June 12, 2026 · 34 min
• Why are transfers still broken in 2026? · June 5, 2026 · 23 min
• Why the FCA is looking at bereavement now · May 29, 2026 · 25 min
• How fragile are our economic systems? · May 22, 2026 · 26 min
• Fixed mortgage rates are on the up - what comes next? · May 15, 2026 · 28 min
• How European ESG investors helped Putin fund his war on Ukraine · May 11, 2026 · 28 min