The VouchedFor chief executive Adam Price argues that the new FCA directory – which is surely an improved version of the old directory - could see more bad advisers being selected by the public.
His case is that the FCA will merely publish regulated advisers not rank them and nor will the public who may poorer advice. Can’t help but regard these services as two different things.
Money Marketing columnist Nic Cicutti suggests that the report into standards at the FOS has failed to appreciate the life changing consequence of delayed FOS decisions.
This is a little more than a week old, but it is interesting that the PFS’s Keith Richards is arguing that contingent charging must be preserved.
Financial Adviser notes that the FCA chief executive Andrew Bailey is now earning around £11,000 a week. Nice work if one can get it.
This is one of those complicated stories which FTAdviser likes so much. Smith and Pinching must pay £250 to a client over miscalculations around IHT although the client lost no money in a series of IHT mitigation strategies. Part of the issue is failing to take account of the nil rate residential band. Complicated stuff and a very small amount paid. (Not sure I would abbreviate to S&P further into the story).
With the pension dashboard probably doomed, Professional Advisers’ Hannah Godfrey asks can the Government get anything right? Please address correspondence to T. May, 10 Downing Streeting.
A GP is on trial for attempted murder having ordered a hit on the dark web against his financial adviser, believing he gave him poor pension and tax advice. High stakes this advice business.