Informed Choice chartered financial planner Martin Bamford was quoted in FT Adviser today, in an article looking at what financial advisers want for Christmas.
The article was prompted by a survey from 1st Exchange and N4, a technology services provider, which found that 34% of IFAs want to see the Retail Distribution Review (RDR) postponed and a further 23% want a respite from further legislation.
We are broadly supportive of the Retail Distribution Review, which will see all financial advisers becoming qualified to a much higher standard and having to operate on a more transparent remuneration basis by the end of 2012.
Quoted in the article, Martin laid out his three Christmas wishes.
“I want to see IFAs working towards a common cause, to promote the high-quality advice that comes from independence.
“I would like to see more advisers accepting that the regulatory reforms, particularly higher professional qualifications and transparent adviser charging practices, will lead to better outcomes for all consumers.”
But he also wanted better level of service from insurance companies and other product providers, “to enable us to get on with the job of providing advice to our clients” and “some consistent pensions policy from government”.
Photo credit: Flickr/kevindooley
