When the head of the FCA was interviewed about this, it was put to him that surely ‘the horse has not just bolted, but been round the track several times and settled back in the stable’. I’m not sure what I’m missing here, but surely advertising anything unregulated and/or dodgy should be banned; and regulated advisers (those, like us, who are FCA approved) should not be allowed to recommend unregulated investments, whether ‘mini-bonds’ (I’m not sure, either) or holiday homes in Timbuktu. End of.
“Worry for profession as young adviser numbers plummet”
There are around 31,000 advisers currently authorised by the FCA to give advice. Of these only around 6% are under 30 and 84% of all advisers are male. There are 209,000 solicitors, 7,000 young ones enter the profession each year and 52% of all solicitors are now female.
