There's a whisper sweeping across the financial services industry at the moment which suggests past talk of financial advisers being squeezed out may actually be occurring.
For some time now, government discussion about reform of the finance industry has suggested the only way to persuade consumers to save for the future would be to cut the cost of advice or reduce the need. But the industry has fought it – until now as it would run detrimental to the current business model of the financial advice sector, and no financial services firm was prepared to consider how their own businesses might look if they were to withdraw commission payments to IFAs. Over the last few weeks, there have been some developments which financial intermediaries really do need to sit...
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