The long-stop: A cause worth fighting for

Advisers’ fight for the re-introduction of a long-stop on consumer complaints against the advice they have received is in the news again: a petition launched by adviser support group Tenet has attracted, to the date of this article, almost 2,500 signatures. Tenet aims to secure 10,000 names over the coming months, a figure that would ensure the issue is brought to the attention of the government’s petitions committee. Will it achieve its target? Possibly. What is known is that some advisers consider the exemption of a long-stop in financial services – one exists in other professions –...