IFAs must pass on wisdom through training schemes
The average age of an adviser in the IFA community is in the mid-50s, and we are forever wondering where the next generation is coming from. Business is booming, the banks have effectively ceased face-to-face advice, direct sales forces are gone and consolidators are hoovering up client banks at an alarming rate. But who [...]
Profile: MPA’s Phil McGovern talks ‘demonising’ DB transfers and ‘obscene’ fees
When MPA Financial Management managing director Phil McGovern sat the old G60 pension exam in 1996, he was among 11 per cent of the candidates who passed. McGovern subsequently went on to regularly coach others how to pass it at a Society of Financial Adviser study group. Fast forward to the present and AF3, [...]