Why we're happy to pay for guaranteed guidance

There has been plenty of coverage in the media and on Twitter about the fact that the Financial Conduct Authority (FCA) proposes to levy financial advice firms to meet the costs of providing the guidance guarantee. People have said that they do not want to pay for the service provided by The Pensions Advisory Service and Citizens Advice, even though they like the idea of people getting guidance on their retirement options. There is no question that guidance, if delivered properly, will raise the profile of financial advisers and help to build public confidence in our services. One ...