Letter: The true cost of industry events

Regarding Gill Cardy’s column about inducements at events (FA, 11 December 2014), arranging seminars has cost me money rather than the other way round as I arrange them and invite local advisers at no cost to them as I like to be able to network and for my apprentices to speak to other advisers.

I make sure there is a venue for the seminar – usually our offices – provide tea and coffee at my own cost and arrange the food. If there is a shortfall on what the investment firms and training establishments – such as Bromley College who are the only national provider of financial servcies apprentice schemes I know of – I have invited pay, then the bill is paid out of my firm’s pocket.

What is the reverse of a bribe?

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Phil Castle

Independent Financial Adviser

Financial Escape