I remember a TV series or two years ago which followed the fortunes of families who’d sold up at the peak of one of our various property booms to set up businesses in France and live the dream. They had ups and downs and doubtless it ended in tears and penury for a few, but most seemed happy enough for a while. Transferring out of final salary pensions has been similarly life-changing for many, suddenly having access to a lottery-win of cash. For the badly advised few, it could be a disaster; so the chance for the rest will be regulated away. Rightly or wrongly? Sledgehammers and nuts. I’d say.
“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.
