When I first became an adviser, 30-something years ago, I was called a ‘Sales Associate’. I had to...
Financial Advisors
“Redress to be paid after advice to invest in unregulated Brazilian property scheme”
If you thought I was making this stuff up, here we go again, but a day later yet another...
“FCA says it’s not its job to ban unsuitable products”
OK, our regulator says they can’t or won’t ban dodgy (as opposed to fraudulent) investments....
“Schroders PW launches price war with plan to undercut SJP by 50%”
Schroders have been quick to jump on the anti-SJP bandwagon this week and announce a ‘price war’,...
“Tom Ellis: SJP revelations further place advice profession under spotlight”
You can’t have it both ways. St James Place are the sole salesforce survivors, still here after...
“FCA hints at restrictions on high risk assets”
Unregulated investments, which turn out to be not worth the paper they’re not usually written on,...
Being good can be complicated
First there was ‘ethical’ investment, which meant no fag or gunmakers and avoiding those...
“FCA in the dark over contingent charging”
It never has and never will be proven that changing the way advisers are paid or charge for their...
“So where are we with the advice gap?”
This message popped up when I logged on to my Lloyds bank account: 'Did you know that we can offer...
“FSCS finds ‘misleading advice’ in mini-bond investigation”
You buy a car from someone who claims to be a qualified mechanic but isn’t. The breaks fail and it...
“Will PI cover break advisory firms?”
I was involved in an FT podcast this week, on the cost of and problems getting professional...
“FCA under fire over handling of adviser tip offs”
I was invited by our regulator to a consultation day, where they, with, as they told us, an...
“Pensions: Tougher jail terms for mismanaging funds”
Another great Daily Mail headline-grabber from the government which no doubt means we’ll hear...
“Fund managers team up with Big Issue on ethical platform”
Not so many years ago, you could count the number ethical investment funds available on the...
“Watchdog chief says Brexit can’t ‘obstruct’ FCA policing”
Our regulator is ‘independently funded’ by the fees we advisers pay them to regulate us. They...