Sants and Hoban to spend day as IFAs

clock

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Calls grow for pensions minister to establish long-term savings commission

Calls grow for pensions minister to establish long-term savings commission

Nucleus urges pensions minister to seek ‘political consensus’ on long-term savings reform.

Jasmine Urquhart
clock 10 March 2025 • 2 min read
Busting divorce misconceptions for clients

Busting divorce misconceptions for clients

General public’s divorce knowledge ‘patchy and often poor’

Rosa​​​​ Alexander
clock 10 March 2025 • 4 min read
AI's energy demands pose responsible investing challenge

AI's energy demands pose responsible investing challenge

Advisers must rethink sustainable investment strategies to balance returns and ESG goals

Sahar Nazir
clock 07 March 2025 • 2 min read