We advisers are feeling sorry for ourselves, as we’ve had yet another bill from the regulator. This is an ‘interim levy’ from the Financial Services Compensation Scheme. Old story, the good and not-so-bad guys made to cough up to compensate those taken in by/greedy enough to believe crooks offering sky-high guaranteed returns from unregulated schemes which the regulator failed to regulate. I wrote to my MP about it last August. And again last week. No reply. Maybe David Cameron (my previous MP, who, even as PM, bothered to ask his PAs to put fingers to keyboard) wasn’t so bad after all.
“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.
