Consumers are oblivious to the 'bigger industry picture' and are easy targets for unregulated 'advisers' who sell them risky products while collecting commission, an IFA has warned.
The FSA has issued a warning to consumers over schemes which appear to pay off a homeowner's debts, whilst allowing them to remain in their home.
I wonder how open advisers are leaving themselves with problems by mixing up non-regulated sales and non-regulated advice.
Tenet, the IFA network, has completed the deal to buy unregulated network Premier Connections and doubled its membership to over 5000 advisers.