In a hard-hitting address, Dave Ferguson of Nucleus Financial Group argues that while the current IFA model is unsustainable, consumer demand for financial advice will continue to grow
"In my assessment, the single greatest issue in the industry is the somewhat staggering mismatch in valuations between the UK life and pensions sector, and its primary form of distribution, the UK IFA market. How many of you would be surprised to learn the former trades at a value approximately 100 times the value of the latter? This is not only somewhat distasteful, it is also intuitively confusing. How does it feel to know that for the last 20 or 30 years you have been so instrumental in the creation of value for those institutions that so many of you love to hate? And how keen are you f...
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