IFA fights back: We aren't thieves, vagabonds and rogues

Nick Plumb, IFA at Bright Financial Planning Ltd in Sudbury, vents his spleen on the RDR.

clock •

Nick Plumb, IFA at Bright Financial Planning in Sudbury, says the FSA's actions could lead to disaster for advisers and consumers.

So, Hector Sants has revealed his real opinions of the IFA sector. In the words of a certain Mr Butler: he doesn't give a damn. Contrary to the opinions of the scaremongering and sensationalist popular press, the financial services industry is not populated by thieves, vagabonds and rogues. In my experience, the IFA sector in particular is generally staffed by very professional and ethical people who are highly qualified and who every day help hundreds of thousands of people to save and plan for their futures. Financial services must already surely be the most regulated and policed...

To continue reading this article...

Join Professional Adviser for free

  • 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 Regulation

FCA secures money back for victims of £1.5m crypto fraud

FCA secures money back for victims of £1.5m crypto fraud

Obtains confiscation orders against Raymondip Bedi and Patrick Mavanga

Sophia Panayi
clock 28 September 2026 • 1 min read
FOS partially upholds complaint against SJP for failing to provide annual reviews

FOS partially upholds complaint against SJP for failing to provide annual reviews

SJP failed to provide five annual reviews for client

Sophia Panayi
clock 23 September 2026 • 3 min read
FCA: Simplified advice rules update imminent; MPS review outcome set for 2027

FCA: Simplified advice rules update imminent; MPS review outcome set for 2027

Regulator's Kate Tuckley gives update

Isabel Baxter
clock 08 September 2026 • 3 min read