Mike Morrison believes the transactional nature of pension freedom advice has brought the industry to a tipping point. Here, he asks if the FAMR can truly solve the problem...
I remember in the period leading up to the Retail Distribution Review (RDR) the buzz was that this would be the chance for independent financial advisers to be treated in the same way as an accountant...
18% year-on-year decrease
Covid-19 crisis acts as catalyst
Fraudsters a 'scourge'
Scams under microscope first
Range from 24 to 59 years old
Directors to pay upwards of £6m
Sanlam on Demand
No need for wet signatures
Fees play a big part