Neil Liversidge: Letter from the front line

Tankers v speedboats

clock • 3 min read

Joining a network will no doubt be the right option for some advisers but by no means everyone, writes Neil Liversidge - and, as he explains here, it is certainly not for him

Faced with the hypothetical prospect of being head of the FCA for a day, LEBC chairman and CEO Jack McVitie recently suggested on Professional Adviser all small adviser firms should be forced into networks. He thought the direct authorisation threshold should be a minimum turnover of £3m and that firms should need at least 15 advisers. This, he added, would enable the FCA to "concentrate on the bigger firms and effectively outsource to the networks". I can think of no single measure that would be more anti-free enterprise and more anti-consumer. Networks, as we know, struggle to make a p...

To continue reading this article...

Join Professional Adviser

  • 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.



Already a Professional Adviser member?


More on Your profession

PA Working Lunches: Last chance to reserve a spot with Baillie Gifford!

PA Working Lunches: Last chance to reserve a spot with Baillie Gifford!

Advisers invited to join an informative lunch session worth one hour of CPD

Professional Adviser
clock 05 December 2022 • 1 min read
Perspective acquires East Sussex-based advice firm

Perspective acquires East Sussex-based advice firm

Deal is the 11th acquisition of the year for the national advice firm

Ayesha Venkataraman
clock 05 December 2022 • 2 min read
Sivajoti: "It's been a long term goal of ours."

NextGen Planners valued at £5m as it opens crowdfunding

Comes after initial target of £150,000 was quickly exceeded

Hope William-Smith
clock 01 December 2022 • 1 min read