Succession Alliance to tackle 'completely unregulated' space this year

Established by the Consumer Duty Alliance in March last year, the Succession Alliance aims to improve financial planning succession outcomes. On its agenda over the next year is creating a voluntary charter to encourage "good practice" amongst firms that are putting a succession plan in place. Wright said that the succession space currently is "completely unregulated".  "There is no set of common guidelines or rules," he added. "There's no oversight." He explained that while there are "wonderful buyers", "great brokers" and "really well-prepared sellers", there is also still "po...