It's our round-up of the stories your clients may have read in the national newspapers over the weekend...
An interesting look at how much consumers would be willing to pay for financial advice post-RDR appeared in the Daily Mail at the weekend. Looking at various surveys of advisers and consumers, there appears to be a wide range in what is perceived to be an ‘acceptable' fee and the paper once again predicted an ‘advice apartheid'.
Value of advice
If that analysis of advisory fees was not enough, the Mail on Sunday went seriously big on the value of a financial adviser, looking at some case studies and the relationships between intermediaries and their clients. Although it didn't mention it by name, the feature included a comprehensive look at the changes from the retail distribution review and what an IFA should be doing, including fact-finds and clear communication of fees.
While not all fund managers have covered themselves in glory over the last few years, names such as Neil Woodford still carry authority when making predictions about the economy. As the Telegraph reported, the Invesco Perpetual manager thinks we are not out of the woods yet, while Fidelity's Trevor Greetham insisted the government's austerity measures are keeping growth weak in the UK.
Stories your clients may have read in the nationals last weekend
Clients and advisers will probably already be sick of hearing about 'granny taxes' and 45p rates, yet, if there was still any hunger for Budget news, the weekend papers certainly satisfied it. The Guardian provided a neat, ten-point guide to the highlights and lowlights, while the Mail on Sunday concentrated on the tax changes in the pipeline.
With the tax deadline looming, ISAs also dominated the papers, with the Observer among those trying to dig out the best value for investors. Predictably, the Invesco Perpetual Income fund was among the selections, while Jupiter's Corporate Bond fund was suggested for more cautious investors. Anyone looking for long-term growth opportunity was pointed towards Aberdeen's Asia Pacific fund.
Paul Bruns and Elaine Parkes
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From 3 to 10 October