IFA comment: Fee-based advisers don't work an hourly rate

Rather than offering hourly rates of fee-based advice, many advisers in fact offer a set fee for each piece of work, regardless of the hours invested. One IFA points out there are a number of proposed changes and anomalies which do not quite tally or contradict the FSA’s aims, so here are just a few of his thoughts on the menu proposals and its various changes. The FSA says that they want the menu to be "concise" and "short" and yet their example commissions menu is already 3 sides of A4 when the FSA is quoted as saying: "Proposals are designed to give consumers a clear, concise a...