It's about time the watchdog barked at the wealth sector

By dedicating a team to scrutinising wealth managers, the FCA stands a much better chance of changing errant behaviours

The UK’s financial watchdog is set to hover a magnifying glass over the wealth management industry – and it’s about time.

This week the Financial Conduct Authority's director of supervision, Clive Adamson, confirmed the regulator was setting up a division to focus on the wealth management and private banking industry.

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