In addition to this, in today’s Q&A we also find out Mr Bradley first worked in marine reinsurance and that he believes with every new regulator comes a failure to learn from the previous regulator’s mistakes.
What was your first job in financial services? I worked for CT Bowrings, a Lloyd’s brokerage, as a trainee marine reinsurance broker.
What drew you to the profession? I wanted to work in the City in an area that had an association with the sea.
What is the most important thing advisers (or a company) can do for their clients? Look after them as they would wish to be looked after themselves.
What is the most important decision you have ever made? To not retire and set up and grow Panacea Adviser
How do you think the industry has changed since you started working in it? It has become more regulated. So far, in my industry lifetime, NASDIM, FIMBRA, PIA, FSA and now the FCA have all been responsible for regulating the industry. Of these, four have failed and each new regulator fails to learn from the mistakes of the last.
Instead, they are more expensive, more intrusive, redress centric and do not consider the impact of their actions on those they regulate, or on those they are there to protect. The incentive for anybody to start a financial services business reduces in direct proportion to the increasing cost and lack of accountability.
Other than property, what is the most expensive thing you have bought? A good education for my son.
What is your perfect day off? I haven’t had one for a very long time so need to think about that and make a wish list.
What would you tell your 10-year-old self? Playing rugby at your next school instead of football is not ALL bad (is it?)
Who would you recommend as a must-follow person on Twitter? Apart from Panacea (@PanaceaAdviser )? Nick Cann (@NickCannCFP); we miss his tweets and hope he gets well soon.
What do you have set as your homepage in your internet browser? Panacea Adviser, of course.