Wheatley: advisers don't treat clients like fodder

Speaking at an event in London this morning, Wheatley said some parts of the financial services industry just see clients as a way to make profits. However he said financial advisers typically show "good practice" in their dealings with clients as individuals. "Good practice is that typically [advisers] don't treat clients like fodder, whereas in other parts of the industry clients are just seen as a way to generate profit." He also said advisers had "risen to the challenge" of the Retail Distribution Review (RDR), though he added that it is still "too early" to tell if the rule ch...