Independent advice worth £67 per hour say consumers

Consumers value advice at an average £67 per hour whereas advisers say their time is worth £170, almost three times as much, according to a study conducted by Legal & General (L&G) Savings. There is also a significiant mismatch between how long a client expects the advice process will take, and how long an IFA says it will. Based on the responses of 360 individuals, the average consumer says advice should take no longer than four hours, whereas advisers say at least seven hours is required. The findings strike at the heart of one of the key concerns about the RDR - consumer acces...