RDR debate: advisers are 'pilloried all the time'

A more ‘professional’ industry will do little to increase the number of people seeking financial advice as long as intermediaries continue to be “pilloried” by regulators and the press, an adviser has said. Chartered financial planner Dennis Hall, of Yellowtail Financial Planning, said incidents of mis-selling “stick in the minds” of consumers, while evidence of good advice goes unreported. Hall was speaking at a roundtable event organised by Professional Adviser magazine to discuss the Retail Distribution Review’s (RDR’s) professionalism requirements. Hall was joined by Steve Jenk...