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In a bid to provide ‘a cost-effective service’

PIMFA recently published 12 recommendations to fix the advice market. Here, Tim Sargisson assesses the trade body's desires and highlights one fundamental problem with the advice sector, or rather one problematic perception...

We may feel like we are trapped in the classic '93 movie Groundhog Day but there is some light at the end of the pandemic tunnel, writes Tim Sargisson. Until then it is essential the inhabitants of 'adviserland' sit tight, communicate with clients and stick out those six more weeks of winter...

What’s on financial advisers’ wish lists for 2021? Last year was a learning curve but this year is about ‘building the future of advice’ The financial advice industry was hit hard throughout 2020. Businesses had to adapt to the “new normal” overnight, and quickly rejig budgets to cope with the financial strain of the pandemic. The Financial Conduct Authority recently released the first of its Covid-19 surveys and found 4,000 firms that are at heightened risk of failure. “These are predominantly small and medium-sized firms, and approximately 30% have the potential to cause harm ...

2020 was a learning curve for the sector, but this year is about ‘building the future of advice’ The financial advice industry was hit hard throughout 2020. Businesses had to adapt to the “new normal” overnight, and quickly rejig budgets to cope with the financial strain of the pandemic. “These are predominantly small and medium-sized firms, and approximately 30% have the potential to cause harm in failure,” the UK regulator said. But 2021 is a new year and there is a slight light at the end of the tunnel for the world to come out of the bleak lockdowns via vaccination. Internatio...