Only half of UK savers would pay fees for advice

A pan-European survey of 1,000 UK residents found only 46% would be prepared to pay fees for advisery services. A total of 47% believe by paying fees they would receive more personally tailored advice, according to the research for Fidelity International. The change to a fee-based remuneration system is one of the most controversial aspects of the RDR, with some groups such as Alan Lakey's Adviser Alliance arguing the change will reduce consumer access to financial services. In a further blow to the public's level of confidence in financial advisers, the survey suggests British savers...