Any party with "skin in the game" is not somebody you should be seeking advice from unless you want that to be partial.
Those promoters still around are partial. I have no idea what drives them other than protecting their business, but if that is it, probably not a bad motive?
There are a number of advisers who may or may not belong to a professional organisation. Those that do have certain standards to adhere to.
Much as it pains me to say so, we have seen instances where performance has fallen below those standards in our opinion. Just bear in mind however that the organisations are perhaps more akin to a trade body than a regulator and although there is much discussion of "self regulation" in practice only gross misconduct is punished and often sharp practice is seen as competitive markets.
An adviser who gets a fee for selling a product should tell you. It's always worth asking and taking into account that commission if you are being pushed towards any product.
Those promoters still around are partial. I have no idea what drives them other than protecting their business, but if that is it, probably not a bad motive?
There are a number of advisers who may or may not belong to a professional organisation. Those that do have certain standards to adhere to.
Much as it pains me to say so, we have seen instances where performance has fallen below those standards in our opinion. Just bear in mind however that the organisations are perhaps more akin to a trade body than a regulator and although there is much discussion of "self regulation" in practice only gross misconduct is punished and often sharp practice is seen as competitive markets.
An adviser who gets a fee for selling a product should tell you. It's always worth asking and taking into account that commission if you are being pushed towards any product.
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