Advisers cannot win the battle against rocketing FSCS levies unless they band together to fight the ‘war against toxic advice', writes Tim Sargisson...
I want to develop the theme of which battles I believe are worth fighting and those where, at best, advisers should declare a truce. The recent news provides a juicy blog topic, namely regarding the Financial Services Compensation Scheme (FSCS) and its warning that the Financial Conduct Authority (FCA) will soon be looking at the legacy issues with self-invested personal pension (SIPP) advice. While some in the industry believe the regulator is at fault for these failings, others state that ‘bad' advisers should be brought to bear rather than fine the industry. At this juncture, I ...
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