Misguided Reports and Regulations

Everyone and his dog now pokes it's nose in IFA business. This is because we are an easy target e.g. no one to fight and stand up for IFAs. So we have been abused for years. So lets go back to reality, we are glorified life assurance salesmen (if you can remember that far back - oh I hear the wholier than though very few IFAs shouting professionlis from the rooftops). What we need is to go back to basics, e.g. selling life, pensions and investments with innovative products. But with regulatory interference by monkeys at the FSA and a corrupt government, that will never happen. What we need is someone sensible in the new government to go back to basics and understands what the public really want. Not what Shadow Secretary to the Treasury Conservative minister's mother personal experience was e.g. buying from a bank, so banks are great. Shows how little he knows about the public want and need. Good intelligent and knowledgeable communicators to sell products, not boffins with reams of paperwork to baffle clients and bore them to tears.

Posted by: Incompetent Regulators Award Team

Agree with above comment

Absolutely, this is a very simple industry, if the public are with you, they will buy in to the idea and will purchase plans, protection plans which save tax payers money, pensions which also save tax payers money and savings and investments, all of which benefit the people that own them providing they exceed state benefits. With the FSA's regulation ideas sales have gone down, in fact they have dropped like a stone. It doesnt matter what one 'thinks' the public should have or what one 'thinks' is better for them if they dont buy in you failed. You failed, full stop and it isnt working, waken up to the reality. This is failure not even on a scale, it is completely off the scale. More debt in the UK since the second WORLD war. Savings at an all time low and debt at an all time high. What other measurement do they require?

Posted by: Ron