The Association of Financial Advisers (AFA) has said it does not support the clean record requirement proposed within the government s new policy paper on education standards, citing the untested single disciplinary body.
The financial planning industry needs to demonstrate its stability in order to attract younger entrants and make financial advice attractive as a long-term career for them.
Advisers who have moved away from servicing retail clients could struggle and require further costs and education if a move goes ahead to reclassify wholesale investors, according to the Stockbrokers and Financial Advisers Association.
Reclassifying clients who were previously defined as wholesale clients could inflict significant additional disruption and costs on both clients and licensees, SAFAA has warned. In a paper examining
Over a quarter of paraplanners would be open to becoming financial advisers, creating an opportunity for them to consider the professional year as hundreds exit the industry.