Adviser long- stop: On the campaign trail

Advisers are once more fighting for the re-introduction of a long-stop on consumer complaints. This basically means there will be a cut-off point so advisers will not be liable for complaints fifteen or twenty years after the advice was given. This is a significant issue as many retired advisers could still find themselves feeling the brunt of such a complaint. The introduction of a long-stop has been an ongoing debate for several years. One case in particular has highlighted why many advisers would like to see it introduced. Last year, a recently retired adviser, Phillip Griffi...