Mark Wilkinson, head of financial planning at AXA Distribution Services, assesses why an extra layer of complication is being added for advisers.
We live in a simplified world. Who would have thought 20 years ago that a financial adviser would be able to buy, sell, switch and build portfolios online, choosing from thousands of funds and a variety of product wrappers. But, as the tools and mechanics behind financial advice get easier, other elements of our industry seem to be getting more complicated. Most of the headlines following this year's Budget focused on the start of the withdrawal of higher rate tax relief on pension contributions and the devilishly complex anti-forestalling rules. This pensions 'complification', as one of...
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