SimplyBiz: More firms exiting networks

It says recent warnings from the FSA and the changing remuneration models for networks will see more advisers choose to become directly authorised. Matt Timmins, joint managing director of SimplyBiz, says: "It's an area we're getting more and more advisers from and something we're clearly anticipating will increase as well. "Many advisers are beginning to understand they will have to pay their network a flat fee and it's becoming more and more obvious to them just how expensive that is. "The FSA is also questioning the financial structure of a lot of the networks and advisers are a...