getting the right advice

I ahve 25 years of giving the right advice! So why can't existing IFAs continue directly or via CAb or Age Concern or wherever? I'll tell you why - it is bcause the FSA is preventing this by insisting on new qualifications which I, for one, will not entertain!

Posted by: Derek Vivian

RDR and Fees are going to cause more problems than they solve

You really have to wonder where this will all lead. Commission is seen as bad for the customer but if it was limited per product and basic products regulated then one would hope there would be benefit for all. However those that rule over us have decided a far more complicated and onerous system which requires us to pay for "free advice" for those who don't want to pay fees or cannot afford to do so and we all have to charge fees or take a fee from the product which bears no relation to good or bad advice or fair or unfair fees and I suspect many will simply buy online without advice or use a large bank and independent advisor numbers will probably reduce. Not convinced that is progress but we will soon find out as we have no choice in the matter, you either do what they say or leave the industry and I supect many with experience will do the latter.

Posted by: Michael Fallas

unquallified advice

I know of one firm who are using unquallified advisers to give protection advice. This has been cleared by the compliance team they use. Quite frankly I am shocked and disgusted at this. It makes a mockery of CPD, and the exams I have studied hard to pass. might as well use the 'bloke down the pub'!

Posted by: Rob