IFA Comment: We're not to blame for stakeholder

Speaking at The Work Foundation yesterday, Hutton said advice was the reason stakholder charges did not go below 1% and that the NPSS proposes to cut costs by reducing "expensive, highly tailored, independent financial advice". IFA Ian Mason, says all IFAs want is a bit of clarity. “I’m most amused about the fact they said IFAs killed the stakeholder. It’s not a question of whether it makes money or not, its whether it’s the best advice to give the client. It’s most annoying to say they’re cutting the IFA out of the NPSS, as if it was something quite wonderful, when IFAs just want thi...