{"id":7757,"date":"2024-01-16T17:24:17","date_gmt":"2024-01-16T17:24:17","guid":{"rendered":"https:\/\/www.pjamesfs.com\/?p=7757"},"modified":"2024-01-16T17:24:23","modified_gmt":"2024-01-16T17:24:23","slug":"simon-evan-cook-fca-must-wake-up-to-consolidation-damage","status":"publish","type":"post","link":"https:\/\/www.pjamesfs.com\/simon-evan-cook-fca-must-wake-up-to-consolidation-damage\/","title":{"rendered":"&#8220;Simon Evan-Cook: FCA must wake up to consolidation damage&#8221;"},"content":{"rendered":"<p class=\"gmail-p1\">This is where I can don my \u2018been around the block, seen it all before\u2019 mantle. What\u2019s happening in our business\/industry\/profession at the moment is a lot of what\u2019s become known as consolidation, big companies, many fuelled by private equity, buying up smaller firms or taking over the clients of retiring advisers. In theory, this is good news for the regulator, as it should be much easier to keep an eye on a few, national giants than on a population of small, local minnows. Does that improve \u2018outcomes\u2019, as they\u2019re keen to call them, for clients, however? It can be just as easy for bad apples to hide in a big barrel and do harm before they\u2019re found out. And the hard-selling, target driven bank financial services arms, which were pretty much allowed to get on with it in the late \u201890s and early \u201800s, reinforce that big is not always, and often rarely better. I\u2019d say.<\/p>\n<p class=\"gmail-p1\"><a href=\"https:\/\/citywire.com\/wealth-manager\/news\/simon-evan-cook-fca-must-wake-up-to-consolidation-damage\/a2433712?re=116482&amp;refea=388621\">Read more here<\/a><\/p>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is where I can don my \u2018been around the block, seen it all before\u2019 mantle. What\u2019s happening in our business\/industry\/profession at the moment is a lot of what\u2019s become known as consolidation, big companies, many fuelled by private equity, buying up smaller firms or taking over the clients of retiring advisers.<\/p>\n","protected":false},"author":1,"featured_media":7759,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[74],"tags":[49,201,1092],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/posts\/7757"}],"collection":[{"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/comments?post=7757"}],"version-history":[{"count":2,"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/posts\/7757\/revisions"}],"predecessor-version":[{"id":7760,"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/posts\/7757\/revisions\/7760"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/media\/7759"}],"wp:attachment":[{"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/media?parent=7757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/categories?post=7757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/tags?post=7757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}