Panacea Surveys

Panacea survey for Financial Advisers and Paraplanners - Death by FOS. Is this the end for smaller IFA businesses?

The Financial Ombudsman service announced, on the 16th October, it is proposing that on 1 April 2019, yes, just 5 months away, “the ombudsman service’s £150,000 award limit should increase by 133% more...

Panacea Survey Results for Financial Advisers and Paraplanners - FOS treating IFAs as 'guilty until proven innocent'

Did you believe the FOS help complainants create a complaint where none existed? This was just one of 15 questions in our current FOS survey. We had 212 respondents. As with all our surveys, it is the comments that make for such interesting reading. Many thanks to all of you who completed the survey and for the hundreds of really inciteful comments that really put some flesh on the answer bones. more...

FOS Survey for financial advisers - Do you believe the FOS help complainants create a complaint where none existed?

This is just one of 15 questions in our current FOS survey. The current ‘score on the doors’ is that 72% reckon the above statement is true. Very worrying indeed, but it is some comments added, beyond a simple yes or no over the last week that should really start ringing bells with the FOS. more...

FOS 2018 Survey - Is it all still Pete Tong at the FOS?

Since 2011 we have been conducting research via a simple survey to gauge what advisers think about service levels and standards delivered by the FOS, in particular looking at their processes and the fairness of the system. more...

Panacea survey for Financial Advisers & Paraplanners - Help make our Bento Bulletins an even better read...

As a recipient of our 'Bento' email bulletins we are asking you to take part in a very short survey on what kind of information and content you enjoy receiving from us. more...

Panacea Survey for Financial Advisers and Paraplanners - Help make our Bento Bulletins an even better read...

As a recipient of our 'Bento' email bulletins we are asking you to take part in a very short survey on what kind of information and content you enjoy receiving from us. more...

Robo-advice survey for Financial Advisers and Paraplanners - Industry attitude to robo-advice shifts as 20% of advisers consider development

One fifth of financial advisers could be set to launch their own robo-advice propositions in the future, according to exclusive research by Panacea Adviser. The survey of 104 advisers revealed that just 2% of respondents have already adopted robo-advice into their business while the majority (66%) of advisers said they had not yet decided whether robo-advice was right for them. more...

Panacea survey for Financial Advisers and Paraplanners - Accountability of the Regulator & 2017 sentiments

The growth of regulation is often cited as one of major changes in the UK constitution. more...

Panacea survey results for Financial Advisers and Paraplanners - 88% of Advisers would not use an outsourced Paraplanner

Nearly nine out of ten advisers say they prefer to employ a full-time paraplanner as part of their in-house team instead of turning to an outsourced paraplanner, exclusive research from Panacea Adviser has revealed. more...

FSCS Survey for Financial Advisers and Paraplanners - FSCS Funding Review

In 2012 we ran a survey on the FSCS Levy and its inherent unfairness and the ever-increasing large and unexpected cash calls on adviser firms. Four years on we are running another survey to ascertain adviser perspectives on the FSCS funding review and to see how views have changed over the last 4 years. Results will be sent to the FCA, FSCS and the TSC as well as the press, so please take the survey today. more...

Summer survey results for Financial Advisers and Paraplanners - Panacea Adviser Sentiment Survey: 58% of advisers say Brexit will not impact their business

Almost 60 per cent of financial advisers are confident that the UK’s planned departure from the EU will not have a negative effect on advice firms. more...

Panacea Survey for Financial Advisers and Paraplanners - Panacea Adviser survey: 89% of advisers say Robo-Advice is a threat to the industry

Almost nine out of ten financial advisers warn that automated services pose a threat to traditional face-to-face financial advice, research by Panacea Adviser has revealed. more...

Panacea Survey for Advisers and Paraplanners - Surely still not Pete Tong at the FOS?

The Financial Advice Market Review (FAMR), just published, says that The Financial Ombudsman Service (FOS) “has a crucial role in ensuring redress for consumers, and building confidence in the financial services sector, providing a quicker, easier alternative to the courts”. more...

Panacea Survey for Advisers and Paraplanners - Something rotten going on?

Our FOS 2016 survey is showing some alarming results and even more alarming comments. more...

Panacea Survey for Financial Advisers and Paraplanners - Technical Deficiencies in FOS practices

We recently had an email through from an adviser detailing how he believes the FOS are failing in the implementation of assumptions and procedures leading to unjust and technically, morally and legally unsafe outcomes. These matters include:- more...

The fos strikes again but will it still be pete tong @ the FOS in 2016?

2015 ended with a couple of really awful FOS stories to add to a raft of them over 2015 more...

Panacea Adviser Survey - 'Fings ain't wot they used to be', tell us about your provider support relationships in 2015

At the end of May we received an email from a financial adviser within the community who believed that there has been a huge downturn in customer service being offered by providers since RDR, declining further due to the pension changes. more...

Panacea Adviser Survey - Panacea Adviser: Adviser Sentiment Summer Survey 2015

Do you think there has been a downturn in customer services being offered by providers? How has 2015 been for your business? Please take our Summer Survey today. more...

Free webcast to support Advisers and paraplanners - Uncontrolled and unaccountable regulation? The lessons to be learnt from RDR.

Through a combination of in-depth research, collation of existing data, reference to case studies and analysis of regulatory pronouncements, the FCA’s own report published in December 2014 could not find any consumer benefit in RDR but still it continues to roll towards the removal of trail commission in 2016. more...

Panacea comment for financial advisers and paraplanners - Doomed? Trail removal matters, fears for the few as well as the many

Many readers will be aware, we have been concerned for some while about the impact that the removal of trail will have on businesses. The impact is varied, the threat real, in fact more real than even we realised. more...

Survey for Financial Adviser and Paraplanners - Panacea Adviser and The Heath Report RDR and Trail Survey

Panacea Adviser and The Heath Report RDR and Trail Survey more...

Panacea Comment - Still ‘Pete Tong’ at the FOS?

From the 7th July to 12th August this year, we conducted a survey amongst financial advisers asking them for their experiences of the Financial Ombudsman Service, its perceived fairness and how the overall complaint system could be amended in order to deliver greater efficiencies and fairness. more...

Panacea Surveys for Advisers - tell clive gordon all about it' spring snapshot survey

At the start of the year, Panacea Adviser, in conjunction with the New Model Business Academy (NMBA), hosted a panel discussion examining the effects of stopping trail commission. The event, which was in fact a full house, ended up throwing up more questions from the adviser community and it was clear there were a lot of concerns around trail and that further clarity was needed. more...

Survey for Financial Advisers & Paraplanners - Post-RDR landscape survey

The time has come again where we ask for your help to take part in our latest RDR survey. more...

Paraplanner Survey - The Paraplanner Survey - last chance to have your say!

As we have settled into the new world, with greater regulation surrounding documentation and accountability, paraplanners have played an increasingly important part in supporting clients with their financial needs. Consequently, in July 2013 Panacea launched a dedicated microsite specifically for paraplanners. more...

Panacea Survey - “Slice, dice it's about the advice” – the Panacea trends and habits survey

Earlier this year Panacea, in association with specialist research agency GfK, ran an RDR survey, which provided detailed insights into how adviser businesses are changing. more...

RDR Survey for Advisers - Segmentation matters. Fewer advisers than expected will only focus on most profitable clients.

Initial results in from our latest RDR survey reveal a lot has changed to adviser business plans in the last 6 months. more...

Panacea Survey for Financial Advisers - The Panacea Snapshot Survey

Panacea has put together a short survey to ascertain Adviser perspectives on current regulatory and business issues in order to determine the main issues that our industry is facing. more...

Captain Blackadder definitely did not shoot this delicious plump-breasted pigeon!

FSA head of investment intermediaries Linda Woodall was reported as saying: “We are encouraged to see a large number of advisers plan to provide advice to people with smaller pots to invest. more...

Not just any old RDR Survey

In November 2011 the Panacea community took part in a survey designed to tell Mr. Sants and the FSA what they felt about RDR. more...

IFA Survey Results - FSCS survey, the IFA community has spoken

The FSA proposed to hike its annual costs by 15.6 per cent from £500.5m for 2011/12 to £578.4m for 2012/13 . This is on top of an FSCS levy of £33m for 2012/13 confirmed in its plan and budget. more...

FSCS Levy Survey - FSCS Levy Survey - now closed, results due next week.

The FSA has proposed to hike its annual costs by 15.6 per cent from £500.5m for 2011/12 to £578.4m for 2012/13 more...

Well, will Mr Sants want to know what IFA clients think about RDR?

He has been sent a copy of the report but I suspect that he may not like what he hears. However, he should remember the words of Winston Churchill who said, “Courage is what it takes to stand up and speak; courage is also what it takes to sit down and listen”.  more...

Ctrl Alt Delete?

So what do IFAs think of the TSC RDR Report which was published on 16 July?  PanaceaIFA conducted a TSC RDR survey to get a snapshot view of reactions to the report from financial advisers.  more...

It’s all gone ‘Pete Tong’ at the FOS

The FOS is a strange being, it is there quite rightly to act as an arbitration service to resolve disputes where consumers are unhappy with the investigation outcome delivered by a firm in response to a complaint they have made. more...

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