‘Additional pressure heaped on advisers this year by global events and market shocks’
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Questions are being raised over the contracts on offer to exiting Sesame network advisers considering buying-in the support of its sister company Bankhall, which include an apparent two-year tie-in and "ridiculous" annual fees for services.
Networks don't collect enough money from their advisers to maintain sufficient systems and controls, which means they can only go one way - down, according to the chief executive of IFA network 2plan.
SimplyBiz has launched a scheme to help heads of advice firms meet the regulatory requirements around competence and training of their advisers.
Financial advisers have embraced the Retail Distribution Review's (RDR) push for higher qualifications and are looking to extend their level of expertise beyond the mandatory QCF Level 4, an advisory support group said.
Tenet Group has made a number of changes to its board, with current chairman Lord Hodgson of Astley Abbotts leaving and Martin Greenwood taking up the position of executive chairman.
Former threesixty director David Ingram has launched a support service for product manufacturers and fund management groups to help them prepare for the retail distribution review (RDR).