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

Wealth Club launches UK's first private markets SIPP

Wealth Club launches UK's first private markets SIPP

45% income tax relief

Patrick Brusnahan
clock 24 March 2026 • 1 min read
Rebalancing act: Sometimes doing very little in portfolio management is the hardest thing to do

Rebalancing act: Sometimes doing very little in portfolio management is the hardest thing to do

'More often, it's the quieter disciplines that matter most'

Phillip Young
clock 23 March 2026 • 3 min read
Crypto investors receive 40 times more HMRC tax warnings than stock traders

Crypto investors receive 40 times more HMRC tax warnings than stock traders

Data shows enforcement activity shift

clock 19 March 2026 • 2 min read