IFAs should stop trying to be fund managers because they lack both the time and expertise, according to Lighthouse Group chairman David Hickey.
Independent advisers’ role post-2012 will be as “auditors” of clients’ finances, in which they will add value by highlighting areas of concern via a regular and trusted relationship, he said. Meanwhile,...
Annuity market worth £4bn in 2017
For ‘distress’ caused
Oversees £30bn of advised and D2C assets
Less than a third of top paid employees are women
£1bn business since inception