News & Views

The Heath Report 3 - out now!

Regulatory update for Financial Advisers & Paraplanners

16 Jan 2019

The Heath Report 3 - out now!

In 2014 The Heath Report 1 pre-empted an FCA document reporting on the ‘success’ of the Retail Distribution Review (RDR).  This was followed up by The Heath Report 2 in 2015 which highlighted the loss of financial advice to an estimated 10 million consumers following the implementation of RDR, with 6,000 advisers leaving the sector.

The Heath Report 3 (THR3) is the culmination of 12 months research and demonstrates the further contraction of the industry's capacity to give advice to the mass consumer market.

From robo advice to regulatory fees, THR3 asks nearly 1,000 advisers substantive questions across a number of topics to provide the most in-depth, independent report so far on the current state of the impartial advice sector.

THR2 was used extensively by governments and financial regulators around the world to help them develop their own advice markets.  THR3 provides further evidence that over-regulation and rising costs are negatively impacting on the sector's ability to give advice.

This information is vital for your future business planning, highlighting areas of concern and current market trends.

Copies are available to the Panacea community at a discounted price of just £9.95 (a saving of £10 on our RRP of £19.95).  To order copies, email THR3@libertatem.org.uk and quote 'Panacea'.

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