Spoke to an old friend last week who said something which vexed me (it doesn’t take much!)…

(By the way, this man paid the first invoice when I set up business 15 years ago and he runs a large advisor sales force).

He said “the only money to be made in this sector is by moving money from one place to another, right or wrong it’s a fact”.

“There is never money to be made from leaving it alone, only by moving it”.

Now I’m a bit slow some of the time… but not that slow all of the time…

If there is so much money to be made from moving money and so little from leaving it alone (charging for advice) how can distribution not move back to being owned by providers under RDR?