Keith Richards: Time for advice 'better than it has ever been'

PA talks to Personal Finance Society's Keith Richards

Tom Ellis
clock • 8 min read

Financial advice has been shaken by regulatory and political changes of late. Tom Ellis talks to Personal Finance Society CEO Keith Richards about how advisers are fairing these days, the return of bank advice and what plans the PFS has to further the industry

Despite the tumultuous time the advice sector has seen over the past few years, with the Retail Distribution Review (RDR), Financial Advice Market Review (FAMR) and most recently Brexit, Richards (pictured) said he was confident advisers are in fine shape. "What we're now seeing is a shift from recognised need to increased demand in people looking for advice," he said. "Even the disruptions like Brexit have demonstrated the worth and value of professional advice." He said, if anything, uncertainties created around the Brexit vote, such as what it would do to the economy and the market...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on People

People Moves: Vermeer Partners hires financial planning director

People Moves: Vermeer Partners hires financial planning director

Rob Hodgson joins Vermeer Financial Planning from Cazenove Capital

Professional Adviser
clock 16 April 2024 • 1 min read
Firefighter to adviser: Ian O'Dowd on assessing the situation

Firefighter to adviser: Ian O'Dowd on assessing the situation

‘I don’t go into burning buildings to save financial plans, but the same ethos rings true’

Isabel Baxter
clock 10 April 2024 • 4 min read
Headteacher to adviser: Kenneth Hopewell on emotional intelligence

Headteacher to adviser: Kenneth Hopewell on emotional intelligence

‘I like meeting people and wanted to do something where I help others’

Isabel Baxter
clock 22 March 2024 • 2 min read