Bamford launches business checking broadside

The chief executive of Informed Choice says agreeing with colleagues what advice should "look like" up front will not only avoid poor or unsuitable advice but also drive risk out of the business. His remarks follow research suggesting firms are checking more of the cases written by their advisers. More than 40% say they are now combing through at least half of new business. Bamford says: "Why is advice to the client being checked after it has been delivered to the client rather than before? Surely the old, broken model of advisers being allowed to formulate and deliver advice, then ju...