Nine out of 10 IFAs support fees says Winterthur Life

clock

Nine out of 10 IFAs believe fee-based remuneration is either essential or important in order for their business to succeed in the future, says Winterthur Life.

Questioning 500 advisers in May and June this year, Winterthur Life says 52% of them believe offering fee-based advise is “essential” if they wish to succeed with their business. Some 40% also say they deem it as “important”, taking the numbers of IFAs suporting fees up to 92%. These findings were up 19% compared with previous surveys conducted by the product provider. Looking towards the future, 96% of IFAs seem positive, deeming their business prospects would either "improve" or remain "unchanged" post-depolarisation. A majority (86%) say they expect to continue working as IFA...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

March 2024: Month in review with deputy editor Jenna Brown

March 2024: Month in review with deputy editor Jenna Brown

Take a look at some of the news and feature highlights of the last month

Jenna Brown
clock 28 March 2024 • 5 min read
Wren Sterling adds £265m in client assets in latest deal

Wren Sterling adds £265m in client assets in latest deal

First advisory firm purchase of 2024 for national financial planner

Jenna Brown
clock 28 March 2024 • 1 min read
Consumer Duty Alliance looks to attract advice industry talent

Consumer Duty Alliance looks to attract advice industry talent

New Talent Alliance will be chaired by M&G Wealth Advice MD Tom Hegarty

Isabel Baxter
clock 27 March 2024 • 2 min read