The recent article, What advisers think of Sandler, gave us comments from the usual people who see themselves steadying the ship while at the same time creating all the turm-oil that makes for bigger waves.
Advice is already separated from the product purchase, otherwise IFAs would be paid commission whether they sold a product or not.
We do not need to convince the public of anything. We are still selling plans by the bucketload despite this alleged concern regarding “lack of confidence”. If there are unsuitable plans, why does the FSA let “saving plans” produced by bankers be called endowments? I see no fingers pointed in that direction.
Remuneration of advisers was the subject of three years of debate (Rolac, Miboc, the MCA). I could go on.
Comments from those with vested interest are of little use. Treat the disease, not the symptoms.