Advisers' fears on FSA requirements push them to networks

Paul Fryers, managing director of the firm, says it has noticed advisers are nervous about whether they can demonstrate they are meeting the FSA's Treating Customers Fairly (TCF) principle, despite knowing they have done a good job for their clients. He explains: "In many instances, this is the primary reason an adviser has contacted us about helping them research the network solutions that may be available to them. "Furthermore, we have now seen that the FSA is increasing its enforcement activities with a number of fines levied and outright closure of some firms. "It's no surprise that...