Financial Advice

Consumer Protection

I was very interested in ShareSoc’s proposals for the Labour Party concerning the review of financial services. My particular focus was the section headed “Consumer Protection”. I have been a tax adviser since 1985 and a financial planner since 1991. I have always considered the client’s understanding of the pros and cons of an investment strategy to be a pre-requisite for any investment advice. However, the constant impact of regulation on the advice process has led to poorer understanding by the client ...