New age of distribution dawns with paid-for online advice

Churchouse Financial Planning next week unveils planmypension.co.uk, an online service offering "straightforward and uncomplicated" advice on pensions and annuities in return for a fee of 1% of the amount invested. Advisers predict their existing client-facing roles will not change but say the future of paid-for advice for the masses could be online, alongside existing execution-only services. "People are underestimating the future reach of the Internet but this is where it is at now, "Martin Bamford of Informed Choice says. "It doesn't have to be an ‘either or' situation. It won't re...