What our clients think...
“An excellent day that has prompted me to act on issues I was aware of and other new things I learnt on the day.”
Mark Spendlove
IPP Group
“Very informative - showed me the need to change in the future.”
David Richmond
TIC Financial Services UK Ltd
What the FSA say
A 'Spiral of Decline'
In its Financial Risk Outlook 2006, the FSA admits IFA firms could become caught in a 'spiral of decline' with falling revenues, increasing costs of conducting business, competition from banks and a lack of investment in low-growth firms, according to the Financial Services Authority
Some firms have struggled to remain profitable because of a variety of factors, including a lack of consumer confidence, the impact of depressed stock markets in previous years and operating costs. In particular the report states: "Concern remains about underlying business models for many firms, which are characterised by lack of capital, low growth and lack of innovation".(quoted by IFA-online, Jan 06).
Retail Distribution Review (RDR)
More recently the Retail Distribution Review (RDR) consultation document has been published which is probably one of the most important and far reaching regulatory statements in respect of change to the profession produced for the last 20 years!
Delivering the RDR - see link below
http://www.fsa.gov.uk/pubs/cp/cp09_18.pdf
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