In this must-watch video Ballantyne discusses with Good Returns TV how the company is responding to the regulators on conduct and culture issues.
She also outlines the firm's thinking on its relationship with advisers under the new financial adviser regime. This includes commissions, who owns the client and some thoughts on the future of dealer groups.
[14:22]
Available on Soundcloud.
To download as an audio podcast, click here.
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The discussion on ownership has been raised a few times in the last few months, Naomi’s comments outline much on what has been said and was a surprise to many in the discussions. This should form part of the discussion for everyone planning their future.
The advice quality approach commission discussed fits with the legislation intention. How this shakes out is going to be interesting...
Agree, if they do the right thing with comms we have less regulator intervention.
As has been raised elsewhere, and I have discussed in some detail, FAP structure and Dealer Group clarity is going to be an interesting thing to shake out in the next 6 months.