I’ve heard divergent views on the future of firms like ours in the past week or so. One was from a...
financial advice
“Will the Consumer Duty lead to an increase in advice fees?”
How we as advisers charge for our services has been the subject of navel-gazing debate in our...
“EU bid to ban financial product commissions faces resistance”
The banning of commission on the sale of pensions and investments was not some piece of...
“‘Dying books of business’ haunt advice firms without next gen clients”
So, joy of joys, we’re not in a recession. Or have ‘narrowly avoided’ one, although ‘we’re not out...
“Advice is ‘too expensive’ and ‘for the wealthy’, Brits claim”
Is this the fault of advisers, overpricing their advice? Are the ignorant masses to blame, not...
“Financial advice provides £47,000 wealth uplift in a decade”
After a meeting of financial advisers this week, a younger member of my team asked me if I thought...
“Top 10 FCA Fines 2022”
Here’s a Top 10 of which no one wants to be a part. Fines handed out by the FCA totalled almost...
“Advisers should not underestimate the value of soft skills”
‘Soft skills’ are nothing to do with furnishings or upholstery, but in management/training speak,...
“Advice gap worsens over the last 5 years”
The ‘Advice Gap’ is the chasm between those who want or need financial advice, and those that can...
“Octopus CEO: Financial advisers should be more like GPs”
‘Financial advisers should be more like GPs’. An interesting headline. The writer’s rationale is...
“Advice firms only spend 35% of time on client meetings”
I asked a (past-retirement-age) colleague this week what made him want to, still enthusiastically,...
“‘Trust in the industry needs to be built'”
“Trust needs to be built in the financial advice industry, and bringing in people from different...
“Why more young advisers are needed to replace those retiring”
The average age of a financial adviser is 59. Many of those above the average are hoping to hang...
“Should financial advisers lower their fees?”
Many an experiment in financial services and elsewhere has proven that cost is not actually the...
“FCA increases adviser fees to £86.5m”
OK, let me quickly recycle my article from previous years. The cost of regulation’s going up, we...