Sheriar Bradbury: Advisers in limbo

The demise of firms such as Park Row and Alpha 2 Omega has created a pool of advisers who are no longer registered and therefore unable to practice. Indeed, as in the case of Park Row, even at the end of January, three months after they were deauthorised, 83 advisers are still awaiting reauthorisation with Personal Touch Financial Services and Tenet. Part of the FSA's remit is to go into adviser firms on treating customers fairly (TCF) visits. However, even though these visits provide the perfect opportunity to uncover and report systemic failing if they are occurring, which could ...