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"The traditional platforms are fatally wounded unless they significantly change.” A stark warning from Ian McKenna director of the Financial Technology Research Centre at the Money Marketing Retirement Summit, which took place at the Runnymede on Thames Hotel on 9 and 10 June. But he was not alone in his strong
The upcoming Consumer Duty is likely to make ongoing advice fees hard to justify in the short to medium-term future. This is the view of PIMFA head of public affairs Simon Harrington, who was speaking today (10 June) at Money Marketing’s Retirement Summit.
Advisers are continuing to pay more for PI cover, making it harder to run their businesses cost-efficiently. But what – if anything – can be done to ease the pain?