Article by Christina
Burnley based Pension specialist Christina Clegg, director of Christina Clegg Financial Planning Services was interviewed recently by leading national Financial Adviser magazine Money Marketing. Christina was asked about her views on the state of the Independent Financial Adviser market and in particular the Defined Benefit Pension market.
Christina provided her no-nonsense views about the market and the rise of third party introducers in the Pension Transfer market, which she can’t understand. Christina said (“the behaviour of some others gives advisers in general a bad name and wants the regulator to take a tougher stance on bad practice.
“It worries me when I read about so-called ‘referral’ companies like Celtic Wealth touting for British Steel pension business. Firms should not be allowed to cold-call and promote services in this way, in particular for pension advice,” she says……
“I don’t understand why any firm would want to use a broker with all the suspensions going on.
“It worries me, as there are a lot of underhand transactions going on that give advisers a bad name. But we can comfortably sleep in our beds knowing we are doing it right, that we look at each case on an individual basis and we’re not actively looking for this type of business.”) (Source – Money Marketing – Feb 18).
You can read the full interview with here.
Christina also went on to talk about how she first got into Financial Advice and her views on what she thinks should change in the market. Christina has been a Financial Adviser for almost 25 years now and was very grateful to be asked by Money Marketing for her views.
