The Personal Finance Society (PFS) is launching a consultation to ask for ideas on how to improve the reputation of financial advisers.
Set up with the specific objective of improving consumer confidence in the financial planning and advice sector, the PFS is asking its members to email ideas on how to improve. Following recent research which suggested improving their reputation was the single most important issue for advisers, the PFS says the industry’s reputation has been significantly damaged by mis-selling and consequent Government regulatory intervention. It claims in the last 20 years there has been a progressive transfer of risk to the individual citizen in the area of personal financial provision, and as a resu...
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