Having experienced the 70s and, to my eternal shame, been a Thatcher-voter in the 80s, I’ve never been a trade unionist. I now, however, see the point. Granted, financial advisers could never be described as the downtrodden masses. However, there are around 28,000 of us working in 14,000 firms so it’s very easy for governments or regulators to divide and rule, as we’ve never had a united voice. We’re often, in the face of diversity, like Monty Python’s Judean People’s Front arguing with the People’s Front of Judea in ‘Life of Brian’ (kids etc.). Much easier for the banks, which are fewer and huger, to present a strong, united Banker’s Front. And so it goes on.
“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.
