12% of what? Advisers say guidance guarantee cost cut not enough

Advisers will likely be asked to contribute 12% to the cost of running the guidance guarantee, according the the regulator's proposals in its most recent consultation paper on the issue. But while this marks a stark reduction on the 30% advisers previously feared they would be charged, many are not happy they are having to contribute at all. They say they should not have to pay for a service they are excluded from; some even called into question the free nature of the service at the point of delivery. Not valued Chartered financial planner and partner at GEM Financial Services Ga...