The Financial Conduct Authority (FCA) regulate the wealth management, financial advice and planning sector, providing ongoing oversight and supervision of member firms across their three statutory objectives of consumer protection, integrity and competition to ensure economic stability and investor protection.

There are four overarching outcomes that the FCA expect from financial services firms across the markets and sectors they regulate, namely:

• Fair value: Consumers receive fair prices and quality. Professional market participants have the information and transparency they need to make well informed assessments of value and risks.
• Suitability and treatment: Consumers are sold suitable products and services and receive good treatment.
• Confidence: Consumers are confident about participating in markets, particularly because of (1) minimised harm when firms fail and (2) minimised financial crime. Markets are (1) resilient to firm failures and (2) clean, with low levels of market abuse, financial crime and regulatory misconduct.
• Access: The needs of different consumers are met through (1) reliable services and (2) a range of widely available products and services.