Menu: Cost-benefit analysis outlines IFA squeeze

The latter have been pegged at nearly £40m just to introduce the menu system, with ongoing costs of £22m annually, split between providers, tied and independent advisers. In contrast, the FSA does not provide a specific sum of benefits, instead stating they will flow through to consumers in the form of a "reduction in commissions" and reduced likelihood "that bad value products will be sold." "The menu may increase consumer awareness of the cost of advice, and how it varies between products and providers, and across the market," the FSA says. "Increasing consumer awareness of the c...