When the head of the FCA was interviewed about this, it was put to him that surely ‘the horse has not just bolted, but been round the track several times and settled back in the stable’. I’m not sure what I’m missing here, but surely advertising anything unregulated and/or dodgy should be banned; and regulated advisers (those, like us, who are FCA approved) should not be allowed to recommend unregulated investments, whether ‘mini-bonds’ (I’m not sure, either) or holiday homes in Timbuktu. End of.
“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.