Blog: Barclays' exit is nothing to gloat about

The recent news that Barclays Bank will no longer offer financial advice at branches is the most important story we have heard since the RDR’s content and direction became clear. I suspect the published IFA reaction to the news is about as wrong as it is possible to be. I say ‘published’, because I don’t believe most blogs are representative of the overall IFA community. Nonetheless, there is an element of ‘groupthink’ at the moment. As a group, IFAs are confident, it appears, of the willingness of customers to pay adequate levels of fees, despite all empirical research, the most recent ...