Billingham hits out at independence 'myths'

Billingham, operations director at Perceptive Planning and Institute of Financial Planning board member, said in contrast to surveys predicting the death of IFA firms, remaining independent had proven "a very easy place to be." "The first myth is that to be independent you have to charge full fee via adviser charging or an hourly rate," he said during a webinar co-hosted by the IFA Centre's Gill Cardy. In fact, he argued, a Fidelity survey that found the majority of consumers did not want to pay a direct fee showed it was still "a minority position". He also dismissed fears from IF...