How many times have you read a ‘survey’ compiled by ‘experts’ and thought either, what utter twoddle or, why do we need experts to tell us that? This one, however, is spot on. It’s concluded that those of us still advising are not ‘high pressure salesmen’ but display ‘high levels of intellect’, are conscientious and willing to embrace new challenges. Quilter, who commissioned and endorsed the survey have, as a result, gone up in the estimation of most advisers. Who said we’re a cheap date.
“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.
