It's positive that many financial advisers are seeing the FCA’s advice/guidance boundary review as more of an opportunity than a threat.
A lot of what Financial Planners do is related to tax or, to be more realistic, the avoidance of tax. With current trends it looks like they will never run out work.
Now the dust is beginning to settle on the election, Labour has to turn to the serious work of implementing its manifesto promises.
The soaring cost of regulation came home with a thump with a report this week from the FCA that its average salary is now over £71,000 a year - more than double the mean UK average.
There is little doubt that the pandemic, followed by the cost of living crisis, has turned retirement planning on its ahead.
I never thought I’d see former professional footballers march through central London to protest about financial scams and poor regulation but that’s exactly what happened this week.
Many have assumed that the Consumer Duty is a fixed piece of regulation, a tablet handed down from upon high about how to be decent to clients.
I’m beginning to think that the self employed are the poor relations when it comes to the pensions market.
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