Cost biggest obstacle to seeking advice

The latest survey, carried out by YouGov for the IFP polling over 2,000 adults, shows 28% of people cited cost as the biggest barrier to getting financial advice whilst 18% said lack of trust was the main obstacle. "Today's result shows us that cost and lack of trust still weigh heavily on people's minds when they consider their need for financial advice," says IFP CEO Nick Cann (pictured). The findings add weight to fears consumers will be unwilling or unable to pay for financial advice in a post-RDR world. Research carried out by CoreData in September suggests advisers are shifti...