Should investors pass financial tests before playing markets?

Need for financial tests for investors

clock

David Stevenson discusses the merits of a 'financial bond' between advisers and investors, which may help prevent short-termist behaviour.

We live in strange times, in which experts and people in power are the subject of open vitriol. I am constantly astonished, for instance, at just how many people openly hate politicians. But this corrosive cynicism extends well beyond the obvious candidates all the way through to finance professionals. As a tiny case study, I spent the weekend with my in-laws and, although they heartily despise most of our prime ministers, they are equally critical about financial advisers, especially those who led my father-in-law into the disaster that was Equitable Life. Their view is the expert...

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 Investment

UK DIY investment grew by more than £100bn in 2025

UK DIY investment grew by more than £100bn in 2025

According to data released by Boring Money

Patrick Brusnahan
clock 11 February 2026 • 2 min read
Darius McDermott: Think active for the decade ahead

Darius McDermott: Think active for the decade ahead

'There are reasons to be nervous about the largest companies in the index'

Darius McDermott
clock 11 February 2026 • 5 min read
Why 2026 is the time for investors to challenge market 'certainties'

Why 2026 is the time for investors to challenge market 'certainties'

Six critical questions investors should be asking themselves

Matthew Spencer
clock 09 February 2026 • 4 min read