Directly authorised IFAs urged to go national

National IFA Park Row says firms in this "high risk" category looking to sell will struggle to secure a buyer as potential suitors target the bigger earners. Additionally, the FSA's refusal to consult on re-introducing a long-stop rule on complaints will further hit firms' appeal as acquirers look to avoid taking on additional risk. Park Row offers a practice buy-out (PBO) scheme to its members and this week offered "handsome" PBOs to three self-employed advisers in Yorkshire and Hampshire. It recommends firms seek out the "sanctuary" of a parent company. "Now is the time to get out...