Tom Ellis: SJP revelations further place advice profession under spotlight

'Culturally bankrupt'

Tom Ellis
clock • 4 min read

The reputation of financial advisers around the country are taking a beating at the moment, writes Tom Ellis. But it is through no fault of the majority …

You may have noticed our Defining Broken Transfers series this summer, which is a number of long-read articles looking into the topic of defined benefit (DB) transfer advice. We have put so much time and effort into the series because, as we laid out here in this piece, we think DB transfers pose the greatest threat to the financial advice profession. And at Professional Adviser we are not alone - many others, including Personal Finance Society chief Keith Richards, are keenly aware of the impact any mis-selling scandal could have on the public's perception of financial advisers. But,...

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 Your profession

Aveni forms AI advisory board with wealth management leaders

Aveni forms AI advisory board with wealth management leaders

Senior execs from Aviva’s Succession Wealth, Schroders Personal Wealth, 7IM and Rathbones join forum

Sahar Nazir
clock 01 July 2025 • 2 min read
Majority of UK wealth management sector eyes acquisitions this year

Majority of UK wealth management sector eyes acquisitions this year

Continued appetite and momentum in M&A space

Isabel Baxter
clock 30 June 2025 • 3 min read
How can firms improve client engagement with wealth products?

How can firms improve client engagement with wealth products?

Consumer first focus; Simplifying prodcut information

James Wood
clock 30 June 2025 • 4 min read