One wish: advisers' hopes for the New Year

The only way is chartered Barretts Financial Solutions Managing director Kim Barrett believes next year most consumers will only take advice from chartered financial planners, despite many advisers "scraping through" to get their Level 4 Diploma. The Financial Services Authority (FSA) having messed up the definition of ‘independent' and ‘restricted', and greater press coverage on the importance of adviser qualifications will fuel the shift, predicted the Personal Finance Society Fellow. To prevent advisers ending up in the shadow of the chartered title, Barrett said his one wish ...