IFA comment: Fee-based advisers and the "menu"

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Another IFA comment - following publication of the depolarisation menu - suggests some intermediaries welcome the move to introduce documents revealing the earnings from advice.

I use both a commission route and a fee-based route and give my clients a choice of one or the other or a mix. I have done this for nearly three years and I have a fee schedule. It quotes an hourly rate, but, as in the article, I quote a fixed rate for a report depending a bit on how long it will take to write but on what I think the client will pay. This latter option is just how my father, a dentist, used to calculate his private dental fees in the 60s, 70s and 80s before he retired. Then I will charge a fee for implementing any recommendations which the client wishes to take up. In o...

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