Like it or not, we all operate in a highly regulated world, and one that will become even more so.
It may be that the word ‘network’ has become tainted. But having a disjointed industry filled with thousands of directly authorised advisers with no real compliance oversight is not the solution, either for the adviser (who could innocently get caught out because regulation is not their skillset) or the consumer (who could innocently get caught out just because their adviser was).
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Chris Smallwood is chief executive at 2plan Wealth Management.
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