Financial advisers are willing and able to break through the "perceived barriers" to at-retirement advice by inventing simpler offerings, chief executive of the Personal Finance Society (PFS) Keith Richards has said.
New research among PFS members suggested 75% of respondents believe they have the capacity to take on new at-retirement clients. Almost 40% said they are looking to develop simplified ways of delivering one-off services like retirement reports, Richards said. In particular, they are looking at some form of initial fixed fee structure so that consumers can understand what's on offer and how much it's going to cost them, he said. Richards (pictured) said the findings follow recent feedback from The Pensions Advisory Service (TPAS) - a body tasked with delivering the government's at-r...
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