Market must not be 'skewed' against professional advice-PFS

In an open letter to members in this month’s PFS magazine, he expresses his concerns banks will want to corner the primary advice market and edge out professional advisers. “The interests of consumers-which, as a professional body, the PGS is here to promote-will not be served if the market is in any way skewed against professional advice of the type provided by PFS members. “Let them (banks) compete with professional advisers, by all means, but let it be on equal terms.” Reid also expressed his support for customer agreed remuneration (CAR) as a means of satisfying various interes...