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41 - SJP et al: Big Brands, Big Challenges

TRAP: The Real Adviser Podcast

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Regulatory Actions and Industry Outrage

The chapter discusses regulatory actions taken by the FCA against wealth management firms like St. James's Place, with ongoing negotiations and letters sent out to top firms. The speakers express outrage at industry practices and hint at potential upcoming regulatory actions. It emphasizes efficient capital deployment in financial planning and the importance of evidence-based approaches for reliable returns.

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