The case for the defence, m’lud. Firstly, less than 10% of Brits actually use a financial adviser. So for most, it’s a bit like saying they don’t eat snails, which they’d probably quite like if they tried them. And secondly, this puts us well ahead of estate agents, distrusted by 73%, journalists (including the one who wrote this, I imagine) 77%, and politicians, 85%. Nurses are trusted by 93% and teachers by 85%, so, yes, have a way to go. Might help is we get of the 90% who are not yet clients on board, guys.
“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.