Just been dismissed - Advice please
Discussion
Guys, I'm a qualified Financial Advisor with 8 years experience working in bank assurance. I did have a superb record, always above annual target, good key performance indicators, customer contacts etc.
I have been dismissed today from the result of a mystery shop. I'll hold my hands up to say I didn't follow the company sales procedure but I must add that I did nothing untoward or misleading.
What can I do as alternative career whilst remaining in the industry? I have all my FPC, Cemap qualifications and I am 2/3rds through my RDR diploma. I have to rule out another employed bancassurance role as they will not consider me.
I am thinking more back office unregulated operations.
Can anyone help or advise me?
I have been dismissed today from the result of a mystery shop. I'll hold my hands up to say I didn't follow the company sales procedure but I must add that I did nothing untoward or misleading.
What can I do as alternative career whilst remaining in the industry? I have all my FPC, Cemap qualifications and I am 2/3rds through my RDR diploma. I have to rule out another employed bancassurance role as they will not consider me.
I am thinking more back office unregulated operations.
Can anyone help or advise me?
I was dismissed for gross misconduct for not following the company's sales procedure. That's deemed uncompliant and as there were a few mandatories I missed in both the first and second appointment they all went against me and a fit and proper board deem me as not fit and proper anymore.
I hold my hands p and admit I have screwed up and expected a warning.
I'd rather not talk about it as I'm obviously really upset. It's a job I've been doing successfully for the last eight years without any complaints and minimal cancellations.
With RDR here soon this job is being squeezed with regulation and it just won't make the money it used to so I know in the back of my mind an exit strategy was needed. This has obviously been forced onto me today so the question is what can I do next?
I can get references from my line manager, and two of the banks respected managers to confirm my honesty, integrity etc.
I hold my hands p and admit I have screwed up and expected a warning.
I'd rather not talk about it as I'm obviously really upset. It's a job I've been doing successfully for the last eight years without any complaints and minimal cancellations.
With RDR here soon this job is being squeezed with regulation and it just won't make the money it used to so I know in the back of my mind an exit strategy was needed. This has obviously been forced onto me today so the question is what can I do next?
I can get references from my line manager, and two of the banks respected managers to confirm my honesty, integrity etc.
You need a new career!
Wtf were you thinking missing out on governance? I'm not surprised they threw the gross misconduct book at you. They had to in order to protect themselves
So, nothing you can fight
What else can you do?
How old are you?
What reason would you give for a career change?
Sorry I'm being harsh, I am trying to help, just think youve been a bit of a wally to yourself, but I don't want to kick you when you are down. I made the jump 25 years ago when I decided I couldn't be arsed with FIMBRA as it was then, but I specialised in governance, still do, hence my move into that side of project management.
Wtf were you thinking missing out on governance? I'm not surprised they threw the gross misconduct book at you. They had to in order to protect themselves
So, nothing you can fight
What else can you do?
How old are you?
What reason would you give for a career change?
Sorry I'm being harsh, I am trying to help, just think youve been a bit of a wally to yourself, but I don't want to kick you when you are down. I made the jump 25 years ago when I decided I couldn't be arsed with FIMBRA as it was then, but I specialised in governance, still do, hence my move into that side of project management.
Edited by ali_kat on Wednesday 9th November 21:05
I feel for you mate. All sounds rather harsh and I bet you're feeling rather overwhelmed by it all.
Assuming the gross misconduct dismissal is not appealed and therefore stays on your record, I think you need to discount the usual high street / blue chip companies. However, you've clearly got a good deal of experience and are working towards your RDR. What you need is company with some understanding of sales pressures and the forethought that you'll now be pretty bloody eager to get back into work and prove yourself. What about contacting the many complaint handling firms jumping on the PPI / single premium bond mis-selling bandwagon?
Assuming the gross misconduct dismissal is not appealed and therefore stays on your record, I think you need to discount the usual high street / blue chip companies. However, you've clearly got a good deal of experience and are working towards your RDR. What you need is company with some understanding of sales pressures and the forethought that you'll now be pretty bloody eager to get back into work and prove yourself. What about contacting the many complaint handling firms jumping on the PPI / single premium bond mis-selling bandwagon?
ali_kat said:
You need a new career!
Wtf were you thinking missing out on governance? I'm not surprised they threw the gross misconduct book at you. They had to in order to protect themselves
So, nothing you can fight
What else can you do?
How old are you?
What reason would you give for a career change?
Sorry I'm being harsh, I am trying to help, just think youve been a bit of a wally to yourself, but I don't want to kick you when you are down. I made the jump 25 years ago when I decided I couldn't be arsed with FIMBRA as it was then, but I specialised in governance, still do, hence my move into that side of project management.
I know i'm in a bad position. The regulated investment sales industry is not the same as it was a few years ago, its just getting worse with more compliance and regulations. Please believe me when i say im not a dodgy "you won't lose any money here' type of advisor. I've always been open and honest to my customers and never had complaints or comeback. Wtf were you thinking missing out on governance? I'm not surprised they threw the gross misconduct book at you. They had to in order to protect themselves
So, nothing you can fight
What else can you do?
How old are you?
What reason would you give for a career change?
Sorry I'm being harsh, I am trying to help, just think youve been a bit of a wally to yourself, but I don't want to kick you when you are down. I made the jump 25 years ago when I decided I couldn't be arsed with FIMBRA as it was then, but I specialised in governance, still do, hence my move into that side of project management.
Edited by ali_kat on Wednesday 9th November 21:05
I just want help as i don't know what kind of roles i should be looking at now.
Heathwood said:
I feel for you mate. All sounds rather harsh and I bet you're feeling rather overwhelmed by it all.
Assuming the gross misconduct dismissal is not appealed and therefore stays on your record, I think you need to discount the usual high street / blue chip companies. However, you've clearly got a good deal of experience and are working towards your RDR. What you need is company with some understanding of sales pressures and the forethought that you'll now be pretty bloody eager to get back into work and prove yourself. What about contacting the many complaint handling firms jumping on the PPI / single premium bond mis-selling bandwagon?
I am actually looking into this and have a cousin that is currently trying to get me in. Only problem is there are no roles in the Midlands. Assuming the gross misconduct dismissal is not appealed and therefore stays on your record, I think you need to discount the usual high street / blue chip companies. However, you've clearly got a good deal of experience and are working towards your RDR. What you need is company with some understanding of sales pressures and the forethought that you'll now be pretty bloody eager to get back into work and prove yourself. What about contacting the many complaint handling firms jumping on the PPI / single premium bond mis-selling bandwagon?
b19rak said:
I know i'm in a bad position. The regulated investment sales industry is not the same as it was a few years ago, its just getting worse with more compliance and regulations. Please believe me when i say im not a dodgy "you won't lose any money here' type of advisor. I've always been open and honest to my customers and never had complaints or comeback.
I just want help as i don't know what kind of roles i should be looking at now.
Oh, I know, and I do believe you! I just want help as i don't know what kind of roles i should be looking at now.
Get your cv up on the job sites
Give Capita a ring, they have an L&P division that are always looking!
Be prepared to go down a level or 2
What else are you capeable of? What else have you done? Are you 20s, 30s, 40s?
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