Many areas were discussed including independent versus restricted advice, the use of platforms (one size can’t fit all), concerns about increasing regulatory costs – including the topical issue of ‘phoenixing firms’. The impact of future FSCS levies and PI insurance premiums were also considered as was the outlook for the FSA (or Financial Conduct Authority).

As well as Mssrs Cann and Horner, Mr Ryley demonstrated his expertise and deserved reputation as a leading Financial Services lawyer when answering the many questions asked.

Outgoing branch chairman Damien Rylett said: “It’s so encouraging that members are willing and able to share best practice ideas, particularly in respect of their respective investment propositions and philosophies. While some areas still need clarification, it was evident that the majority of IFP members are ready for the post RDR landscape.”

Nick Cann said: “Our thanks go to Damien for all his hard work and commitment over the past two years as chairman, and we warmly welcome Julian Frere CFP^CM to the role, wishing him every success.”