A raft of follow-up comments - following this morning's view of the IFA market - suggests many IFAs have yet to see the positives of industry reform.
Updated at 16:30 (24/6) 'Diligent' of Co. Antrim says: Well done "Seriously p!**$d off from Southampton", you have managed to put my exact feelings into words!! I am 48 years of age and have been in the financial services industry for 30 years, managed to sit and pass my CII exams, started a small practice 18 years ago now and now have to employ two administrators to cover the workload of one IFA, ie me. Profit margins have dropped through the floor as costs have risen through the ceiling. My PI cover is expensive and totally useless. I had a claim made against me under the FSA...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes