Horner's 'Wild West' warning over non-regulated financial planning

The CEO of fee-based planning business Paradigm Norton says the FSA needs to be watchful of those firms that fail to meet RDR requirements then eyeing the non-regulated route. While there is nothing strictly wrong in doing this, Horner says a financial planner would find it difficult to speak to a client for more than five minutes without straying into regulated territory. "I am not concerned about people who are generally looking to do solely financial planning, but I am worried about those coming into financial planning thinking it is an easy option," he told IFAonline. "When som...