Consumers are overwhelmingly unwilling to pay for fee-based financial advice, according to a YouGov poll, with some expecting to pay as little as £10 per hour.
The majority of financial advisers will not dump less wealthy clients as a result of the Retail Distribution Review (RDR).
Barclays have revealed its post-Retail Distribution Review (RDR) charges for advised clients.
L&G has unveiled its plans for adviser charging post-RDR, which include facilitated adviser charging and the removal of commission.