So, Caroline Rookes has concerns over “adviser ethics”. This is an astonishing statement to make. The head of a quango set up to promote financial capability has said, in effect, that she thinks that the advice profession is crooked: or did I hear this wrongly?
No acknowledgement of the huge steps made towards professional development. No nod towards the removal of commission. Just a crass statement about how tough the FCA will be on advisers who get it wrong. Should we be “afraid” again?
I wonder if Ms Rookes remembers that one of the MAS’s statutory objectives is “promoting awareness of the benefits of financial planning”?