The growth of deregulation, which will accelerate fast through 2026, has immense implications for the advice sector.
It is important for market players to understand that deregulation is different to “unregulated” because the latter implies “unlawful” whereas the former is the provision of “advice” through non-advice means. Away from the scope of the regulators to intervene.
We have already seen a version of this in the investment markets, where transactional volumes have risen in private markets, adjusting the balance between the less-regulated private market and the heavily regulated public market.
