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Advised platform net sales were down in the first quarter of this year due to poor investor sentiment amid challenging economic environment. The sector recorded £5.15bn in net sales for Q1 2023, up a healthy 19% on Q4 2022 but down -49% Q1 2022.
CheatGPT Financial services isn’t the only sector being rocked by the advent of artificial intelligence (AI). Since ChatGPT hit the headlines at the end of last year, teachers have been airing their concerns that the AI tool will make cheating on essays all too easy. However, it is no stand-in for common sense.
The cost for mortgage advisers to train themselves in other advice areas so they can deliver a holistic service is low compared to their income and potential earnings boost.
One overwhelming question came up again and again back in March when we ran our Consumer Duty Masterclass series with Bankhall.
A change is needed in the way equity release advisers are remunerated when it comes to drawdowns, it has been said at an industry conference.