One IFA is already planning his new catering career after Finance Secretary to the Treasury Mark Hoban said IFAs were no more qualifed than a McDonald's shift manager.
Mark Hoban has an economics degree and is a chartered accountant. These qualifications would NOT be sufficient to give regulated financial advice in the context of the RDR. In fact I bet he's not qualified to flip a burger either, says Viv King, principal at Viv King Professional Financial. IFAs should think themselves lucky following the private members debate today. We are now de-categorised and no longer linked with those business sectors castigated by the general public....you know which ones........
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