Education!

The public must be educated-they prefer banks but don't like multi-ties. Many banks work on this model but do everything in their power to hide this. As we cannot rely on the FSA to bring the banks in line it is essential that the IFA community publicise bank advice shortcomings at every opportunity!

Posted by: Paul Evans

The world we work in

It would be fine if the middle market what ever that is understood the value and accepted the cost of advice (and I fully accept that it is our responsibility to get our message across) but I in my experience we are far from that and there is too much vested interest, power and money from the direct distributors (advised or non advised) behind keeping the value of our service hidden from the general public view. For it to become widely accepted unless someone with more power and a greater vested interest i.e. the Gov’t and any of their agencies direct or at arms length (FSA) force the issue it will remain thus.

Posted by: Stuaer Rathbone

IFAs to turn into Banks

Obvously the best thing to do for an IFA is apply to be a bank. As there are m,any benefits. 1 Larger share of the market 2 Influence and control over the FSA 3 If you screw up you get bailed out by the tax payer 4 You can pay yourself lots of bonuses Lifes great Banker who used to be an IFAs

Posted by: Incompetent Regulators Awards Team

What was Asked

I think the results of surveys are of little value when you don't know who commissioned it or what the questions were.

Posted by: Roger Lane