Survey reveals concerns about the impact of Consumer Duty on fees
Midlands residents least likely to seek financial advice
Advisers expect to receive a negative reception for upcoming Consumer Duty rules
Financial advice “too expensive” for majority of UK adults
Value for money remains a huge focus for firms ahead of 31 July
Lack of education around financial advisory leads to difficulties in hiring
'We have Chartered now, but maybe Chartered is not enough'
Clients value reassurance from advisers during cost of living crisis
Spending more time educating clients on Consumer Duty would pay off
A 65-year-old with a £100,000 pension could have an annuity income of £6,782