Sants and Hoban to spend day as IFAs

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FSA chief executive Hector Sants and Treasury financial secretary Mark Hoban are to spend a day with a Sussex IFA in a bid to "better understand" the advice sector.

Sants, who recently apologised for saying a loss of 20% of advisers as a result of the RDR was "acceptable", and Hoban have pledged to spend 8 May with Money Honey, based in Brighton. Last year, Hoban caused a stir for saying advisers' current entry-level exam requirements were no tougher than those taken by McDonald's shift managers. Welcoming Hoban and Sants to Money Honey will be managing director Ian Seal, who oversees a team of three advisers and one paraplanner. "It's brilliant," Seal said. "We're short-staffed at the moment. One adviser quit in January over the RDR's qualifi...

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