This website is for journalists and the media only.
Launched in February 2007, Panacea Adviser (Panacea) is a unique and free resource that supports financial advisers, mortgage brokers and paraplanners by providing free online access to the very latest tools, calculators, research, educational support and business development ideas from product providers and support services all in one place.
The site has established an active community where advisers, paraplanners, brokers and providers alike can engage in debates and discussions affecting their business, where concerns are voiced and the necessary support provided - all for free.
For any media enquiries or comment, contact Derek Bradley, CEO on 0191 206 4030 or email derekbradley@PanaceaAdviser.com.
FOS compensation hike. Hand me the black cap, will you.
We highlighted in November the need for firms to respond to an FCA consultation on a proposed FOS compensation limit hike of 200k taking the maximum pay-out to £350k. It was announced with very little time to respond. The consultation opened 16 Oct and closed 21 Dec so slightly over two months. Just one hundred firms, including Panacea responded ...more >
March 20, 2019
Financial advisers are fiercely proud of what they do and since RDR, most are 100% fee-based businesses. All are professional and most aspire to be treated as a profession. I have not been an IFA for over 14 years, as many of you will know, but I have always been fascinated with how firms present themselves and their proposition to their clients and prospective clients. And how that proposition can appear to competitors ...more >
March 4, 2019
Can anyone imagine a large UK business being run like this?
Some headlines from last week to make you feel proud about British democracy, values and standards. 1. "May faces 'high noon' Cabinet meltdown on Brexit” 2. “Philip Hammond refuses to rule out QUITTING if the UK leaves the EU without a deal” 3. “Rudd threatens to walk out to back Remainer revolt" Now for a scenario to imagine as you look around your office today. ...more >
January 28, 2019
Feel brave enough FCA?
Being responsible is what the financial industry should be about Sadly we have now reached a stage that the responsibility now falls on all as the few who mess it up never have the resources to put things right. ...more >
January 24, 2019
A fourth way to fund regulation?
First of all Panacea followers, this is our 1,000th Bento. Given this landmark status, I felt that it should contain something special, and with that in mind, I would like to make a heartfelt suggestion or two about how the regulation and protections in the financial services industry could be re-engineered, for in regulatory parlance, better regulated firm and consumer outcomes. ...more >
January 22, 2019