Directly authorised is by far the safest option
11 May 2015
The major bonus that direct authorisation offers is choice according to Gary Kershaw, SimplyBiz Group Compliance Director
Directly authorised advisers with comprehensive, reliable compliance support in place is by far “safer” than being part of a network, Simplybiz’s compliance director Gary Kershaw says in response to 2plan’s Chris Smallwood.
As group compliance director at the Simplybiz Group, who provides compliance and business support to directly authorised financial advisers throughout the UK, I have to say that the recent picture painted by Chris Smallwood, chief executive of 2Plan, of DA advisers struggling through the regulatory maze with no-one to turn to for help, continually and inadvertently exposing themselves and their clients to huge risk and detriment through lapses in compliance, is totally alien to me...