PA360: Power in outsourcing relationship lies with adviser

‘Competition cures most ills’

Jenna Brown
clock • 2 min read

Advisers have the power in the outsourcing relationship and can always “use their feet and walk” if things go wrong, delegates heard.

Speaking at an outsourcing panel debate at PA360, 7IM head of London and South East intermediary Chris Justham said while things did go wrong from time to time it was the adviser who can take their business elsewhere. "Competition cures most ills - with outsourcing you are giving something away as you accept someone can do it better. Sure things go wrong from time to time. You [the provider] either fix it or as IFAs you have the right to use your feet and walk. "The power lies with you - not who you are outsourcing to." Dynamic Planner proposition director Chris Jones encouraged ad...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Your Business

Institute for Financial Wellbeing partners with OpenMoney

Institute for Financial Wellbeing partners with OpenMoney

The firm's digital portal WorkLife becomes the IFS' latest partner

Charlotte Moore
clock 24 March 2023 • 1 min read
Glasgow, Scotland

Wren Sterling confirms acquisition deal for Scottish advice firm

Active Wealth Management will join the national’s existing Glasgow office

Hope William-Smith
clock 22 March 2023 • 1 min read
Neil Messenger

Ex-Abrdn Advice boss launches IFA under Sandringham network

PIWA was set-up by ex-Abrdn Advice director Neil Messenger

Jenna Brown
clock 22 March 2023 • 2 min read