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Advisers are not running charities

The FPC exam resulted in lots of advisers becoming mortgage brokers.

With the low take-up of Cemap, we see increasing media coverage extolling the virtues of non-regulated business.

I can only assume that eventually the PIA/FSA will see a reason to block this route and then, guess what, we will all become double-glazing salespeople.

Round and round we go. Oh yes, what about the stakeholder issue?

It is about time that the PIA/FSA realise that there is no such thing as a free lunch.

The adviser should always expect a profit from the advice given, whether it is in the form of commission or fees is up to the client to determine. We are running a business not a charity.

The PIA/FSA should get a life. We are far too over-regulated, which in turn has seen the industry shrink dramatically.

Rules are great but can we please go back to basics.

Graham Carver

Director,

York Financial Management,

Strensall,

York

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