True Potential Wealth Management has said it is offering a "new future" to bank advisers who have found themselves out of a job as a result of changes brought on by the Retail Distribution Review (RDR) and the overall downsizing of the market.
The play follows news yesterday that Santander is closing its advice service to new business in light of changes brought on by the RDR, with about 800 advisers in the firing line. Several other high street banks have already pulled out of the mass market advice arena. Figures taken from a report by the Confederation of Business Industry and PricewaterhouseCoopers suggest that Britain's financial services companies will cut a further 18,000 jobs over the next three months. True Potential said it can provide advisers with a new, modern way of doing business that includes access to True ...
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