We've finally reached depolarisation day and the moment when consumers can apparently shop around for the best deal in financial advice. At least that's the theory.
The industry has been over all the issues for and against the advice remuneration menu, and detailed the problems which still stand and make advice by most firm appear expensive and, thankfully, the original proposal pushing for fee-only advice by independent intermediaries is a far cry from the commission table we see today. While the industry may not like this latest layer of regulation, it appears to be here to stay and the only thing we can do about it now it is accept it and try to make the best of its content. The emphasis in the national media today suggests this is a great new...
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