I have given the same presentation to another twelve IFAs, as well as breakfast lunch and dinner with others, and after a day of the same yesterday. However, all in all a most interesting and worthwhile exercise.
It has really helped me to understand first hand the issues that IFAs are grappling with - the upheaval of RDR, investments solutions, exams.
The consensus seems to be that in two years time there will be 20% less IFAs, driven out by being forced to requalify, by far higher capital adequacy requirements and by the upheaval of creating new business models.
For others, they are seeing the opportunities that this all presents. The industry is in many respects undergoing a "sea" change, in the name of better regulation.
At 6.30pm, as I write, the ship is moving further away from the shore so that all mobile frequencies disappear and the wi-fi system is being turned off. That way, when they show the recording of the England game after dinner in the auditorium that can hold 800 delegates, we won't know the score in advance. Will it be the perfect end to a wonderful conference?
Caring for children and elderly relatives
Similar to June 2007
Square Mile’s series of informal interviews
Fine reduced to £60,000
Two roles created