Perhaps the notion that at least one ‘working day’ of most advisers’ weeks was spent on the golf course is now apocryphal. I can finally admit (now that my father is no longer with us) that I really don’t like golf clubs in either sense of the word, and so my week has always stretched to five days and beyond. But perhaps lockdown and home-working has proven Parkinson’s law (‘work expands to fill the time available for its completion’), and, with appropriate self-motivation, many jobs can be done in less time. However, many can’t. Care workers and others will be screaming ‘get out of your cosy office and come into the real world’. Less scrupulous employers will see it as a way of cutting overheads. But it’s a thought. And a start.
“Advisers fearful of further compliance and regulation”
We know, of course we know, that regulation is, or at least should be a ‘good thing’. If those who need or should seek advice can be confident that they’ll be told the right thing, that someone has looked at those ’too good to be true’ investments before they’re allowed to take your money; or, in the case of a Woodford, while they’re raking it in to make sure it’s going where it’s supposed to.
