Unregulated investments, which turn out to be not worth the paper they’re not usually written on, are the cause of most scandals and claims to our compensation scheme So why not ban them? Or at least, outlaw their inclusion in SIPPs (self-invested pensions, to which many are persuaded to transfer their pensions), whence most of the money disappearing into get-rich-quick Guatemalan holiday home developments and the like comes. But, like most things, it’s apparently not that simple…
“Letter of authority: Why now is the right time for change”
This may sound like a non-issue from outside the world-of-financial-advice bubble. It is the bain, however, of the daily working lives of many of us, particularly of those paid by we advisers to do the dirty work of dealing with the many providers with whom we have to work.