Whilst I admire his spirit, I have to say I’d be concerned, were I a client of this adviser, that he needs help paying for an increase of just £3,000 in his FCA bill, albeit it’s a big %age jump. I also think it’s up to us to protest about it, and there’s the rub. 90% of the 28,000 or so advice firms have less than 5 advisers which makes it very easy for the regulator to divide and rule. Particularly as most of us are loath to put our heads above the proverbial parapet and risk a regulatory shot across the bows or, perhaps, to the heart.
“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.
