Why 'poaching' could change adviser contracts

Mention the words ‘restrictive covenant’ in professional adviser circles and you are likely to receive a wealth of opinion about how the legal obligation is interpreted across the industry. In the last few months, trade associations and experts have opened up a debate about whether we should follow the American line, by creating a standard adviser protocol when dealing with contentious moves, or company changes that ultimately impact on employee contracts and client relationships. The Tax Incentivised Savings Association (Tisa) has even gone as far to set up an executive committee, wh...