If you’ve ever applied for a visa to the US and some other countries, you may remember one of the questions they ask is ‘whether your are seeking or have ever engaged in terrorist activities or genocide’. A great help, I’m sure, in keeping the bad guys out. I’ve just heard that our regulator is sending out a mandatory survey (i.e. complete it or else) to check our ‘financial resilience’ in the crisis. What happens, one wonders, if you tell them you’re in dire straits?* I have a feeling they won’t be popping round with a cup of tea and a sympathetic shoulder to cry on! *PS We’re not in dire straits, in case you’re a worried client or the FCA…
“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.
