I've been sitting in this same partially-worn chair writing about financial services for five years now.
Seems like quite a long time to me, but it’s not; not when I speak to advisers who have been sat in worse-worn chairs for 30 years or more. I chatted to one this week. He’s leaving the industry, he said, after more than 40 years. Now that’s a worn chair. He said the Retail Distribution Review (RDR) and, specifically, the requirement that he sit further examinations (which, in his circumstances, he would have to do), had brought forward his “semi-retirement”. A year ago, he had two registered individuals and two members of staff. Today, only the staff members remain, and they are be...
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