Blog: Why the network model is 'restricted'

Should IFAs be able to leave a network when they want? Should they be able to take their clients with them without penalty? Absolutely. Networks have always been regarded by some IFAs as a welcome source of regulatory protection. In theory they take some of the stress and worry out of regulation: You buy in compliance, training, marketing, technology and supervision, which help maintain compliant advice. Or so the theory goes. The FSA also benefits from being able to communicate with a manageable number of companies rather than the thousands of network members. Or so the theory goes. ...