What it takes for an industry to become a profession

Written By Richard Sergeant

How can you tell when something is an industry or a profession? Doctor-profession. Lawyer-profession. Chartered accountant-profession.

In 2013 IFAs and Financial Services woke up to the dawn of the Retail Distribution Review (RDR), minimum qualifications and the outlawing of commission (almost).

Many IFAs have morphed into financial planners or wealth managers; this may help in repositioning the business, but does it move the dial in evolving from an industry to a profession?

In his first article for Retirement Planner, Richard Bertin looks at what it takes for an industry to become a profession

Richard Sergeant
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