Quilter is moving towards a self-employed model, as the firm fully integrates Lighthouse and Charles Derby.
It will be interesting to see if they retain all their advisers during the transition and it will be a significant move for employed advisers.
Ken Davy discusses why he would not recreate the network model in this Money Marketing profilein this Money Marketing profile
This is an interesting quote - "What I naively assumed was that every adviser would have the same integrity and care for their clients as I always have. Of course, what happened — and to a certain extent still happens but much less so — is that it enabled a small number of reckless advisers and an even smaller number of criminal advisers to do ill for clients, then hide under the umbrella of a network. But that problem wasn’t unique to networks."
The competition watchdog’s decision to order FNZ to sell off fellow platform technology provider GBST has been quashed by the Competition Appeal Tribunal.
The height of embarrassing for the Competition and Markets Authority.
The Initiative for Financial Wellbeing has launched an educational wellbeing certificate to train advisers to help their clients become happier, not just wealthier, Professional Adviser reports.
PFS chief executive Keith Richards says that the government must accept the blame for the DB debacle.
In a podcast with New Model Adviser, he says: “A breakdown of communication; failure to learn the lessons of the past; policy problems; improper planning; regulatory stalemate; and, of course, denial led to what Personal Finance Society CEO Keith Richards calls a ‘DB debacle’
There is a lot to consider here. This did not necessarily cut through in the pension review. Governments generally don't take the blame even where bad legislation sits at the heart of the matter.