Banks should be responsible for adviser recruitment - Intrinsic

Speaking at the Tax Incentivised Savings Association (TISA) seminar in London last week, Richard Freeman, managing director of distribution at Intrinsic, said the issue of bringing new blood into the market was one of the main challenges for distribution, with people questioning where new advisers will come from. Responding to a question on how he would increase the inflow of new talent, Freeman said the duty lies with the banking sector. "This has to be the banks' responsibility," he says. "They are the only ones who have the money and the process of bringing in new blood is very costl...