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Credit crunch dire for transactional advisers says Bradbury Hamilton

Bradbury Hamilton believes the credit crunch could be “the final nail in the coffin” for transactional advisers.

Managing director Sheriar Bradbury says treating customers fairly requirements and the retail distribution review are making advisers lives difficult.

But he believes the slowdown in the housing market and the increased likelihood of a recession will have a big impact on new business levels particularly for transactional advisers due to their reliance on initial commission.

He has written to over 300 advisers explaining his concerns.

Bradbury says: “In the current climate of uncertainty and continued shortage of liquidity many advisers could be considering their future. The reticence amongst investors, evidenced by what appears to be the worst Isa season on record, makes worrying times for those advisers who rely on initial commission instead of recurring income to support their business. We are writing to advisers because we understand the mounting pressures associated with running an advisory business in today’s world.”


EC poised to give GPP auto-enrolment the go-ahead

The European Commission looks set to agree that employees can be auto-enrolled into group personal pensions when personal accounts are introduced in 2012. Money Marketing understands that the EC has already informally agreed that this can go ahead but that written confirmation is yet to be received by the Department for Work and Pensions. When […]

VCTs dip by 25%

Venture capital trusts have seen a fall of over 25 per cent in new investments for 2007/08.

Objectivity holds the key

A consequence of principle-based regulation is that interpretations of principles can vary enormously and this carries the risk of market failure. This is why the original platform paper highlighted, among others, two potential causes of market or regulatory failure.First, that the introduction of new incentives may exacerbate the possibility that moving assets between platforms may […]

Partied out and penniless

December has left me destitute. My piggy bank lies broken and empty, my lunchtime meal deal feels like an extravagant expense and I’m down to the Bountys in my box of Celebrations. But I won’t mourn my dearly departed pennies. Between buying gifts for loved ones (then deciding to keep them for myself) to treating […]


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