Bento Bulletin

Keeping up the with changes impacting us is challenging. Increased regulation and complexity everywhere means advisers need to save time whilst still maximising returns for clients.  

When Panacea was set up in 2007 it was with the intention to bridge the gap between Product Providers and Adviser Firms.  This stands true today and as such we will not share your personal information with any other third party except to our partner firms, who have a supporting relationship with the Panacea community, and only where you request it or express interest via our communications and/or website.

Last week, Woodford investment saw crashes after short-seller attack. 

In situations like this I often turn to the blues for some short sharp analytical lyrical inspiration of the situation. In this case to quote Muddy Waters (not that firm) but the blues-man’s song ‘Rolling and Tumblin’. 

We are delighted to announce that we are working with Square Mile Investment Consulting & Research (Square Mile) as a partner to offer our community greater access to independent research.

Square Mile is an independent investment research business that works in partnership with regulated professional financial services firms, helping advisers to develop informed investment recommendations so that, with their support, their clients can make the decisions that are right for them.

A few weeks back I saw that Bank of Scotland were subjected to a fairly whopping fine for ‘Fraud Failures’.

IFAs may recall that in 2012 George Osborne was responsible for the diversion of financial services fines, (originally intended to be offset against the general costs of regulation to reduce the regulatory financial burden on firms that did do the right thing) to the Treasury.

When I became a self-employed financial adviser in 1991, I attended a week-long training programme and I was then expected to go out and make a living.

Frankly, the failure rate for new advisers was appallingly high.

Fast forward to now and the way people enter the business is completely different. The training and qualification process is far longer, more in depth and professional.