This morning, I read an excellent piece in NMA where Alan Higham said that MAS needs to carry out an independent audit of the advisers listed on its planned retirement advice directory. Whether it is an audit or some form of certification, I know not. I do know that folks with less than £50k, typically, in their pension pots, should not be referred to any adviser. They should only be referred to those who have the competence to offer this somewhat specialised advice; and they must demonstrate that they are willing and able to offer it at a sensible price.
I have interviewed many hundreds of advisers, and guess how many I have met whose proposition includes advising people with small pots whose main issue is ensuring that the money does not run out before life does? You might have guessed – nought, none, zero, zilch!

Why do advisers want clients they don’t want?

Why do advisers want clients they don’t want?