RegulationOct 2 2014

Advisers could bear regulatory burden: Bradbury

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Advisers could face new “legal, financial and regulatory risks” after the 2015 election, Bradbury Hamilton managing director Sheriar Bradbury has warned.

Speaking about possible financial services reforms if there were a change of government, Mr Bradbury said: “Getting the balance right between protecting consumers and making sure people take some responsibility for financial decisions made is not easy”.

He added that reform could be expected elsewhere as well, saying: “There is no doubt that pensions will be the area in which we can expect to see the most change, should Labour win the next election.

“While the Coalition government has started the ball rolling and introduced some radical changes to pensions, I expect a Labour government would particularly push for a tougher regime in terms of the tax free allowances available.”

Adviser view

Alan Solomons, director of London-based Alpha Investments and Financial Planning, said: “With the election everything can go up in the air if you have a different government.

“Let us cross our bridges when there is a bridge to cross.”