Ken Davy: Regulation is counter-productive

02 Dec 2015

In my 40-plus years in financial services, I have met many thousands of advisers; however I am yet to meet a single one who chose to enter our great profession due to a passion for compliance and regulation.

In reality, the vast majority choose to become financial advisers from a passion to help people manage their financial affairs in a more direct and personal way than in the accountancy and legal professions.

Of course, as in all walks of life, regulation and monitoring play a very important role in ensuring that the unscrupulous or reckless are weeded out and that clients are treated fairly.

 

Read the full blog post on FTadviser.


The latest from SimplyBiz

26 March 2024

Mortgage Solutions: In conversation with Philip Daffern, Head of Lender Relationships at SimplyBiz Mortgages

Read more >

21 March 2024

SimplyBiz announces major tech upgrade for member firms

Read more >

21 March 2024

FIBA UK, part of SimplyBiz, adds Foundation Home Loans to lender panel

Read more >

12 March 2024

Fabian Wiesner: This time it's different...or is it?

Read more >