Commission hangover still hampers financial advice - research
A quarter (26%) unwilling to pay fees
One in six (16%) of UK adults were deterred from advice by the assumption intermediaries were still motivated by commission, Tilney has found.
This came despite the fact commission-based retail investment advice was banned as part of the Retail Distribution Review (RDR) in 2012. This perception of continued commission-driven bias was particularly...
More on Charging
Richard Bertin: Is it time to give up the independent 'badge of honour'?
What's in a name?
CII to scrap adviser 'gap-fill' option in SPS applications
From August next year
Advisers facing PI premium spikes up to 400% - PFS
PFS renews its warning to industry
Quarter of advisers saw 10%-plus pay rise after adopting DFM model
One-quarter of financial advisers have seen a pay rise greater than 10% after adopting the use of a discretionary fund manager (DFM), research for Rathbones undertaken by CoreData has suggested.
Adrian Boulding: Asset manager charges block pension cost clarity
There are 1,840 asset management firms with £8trn AUM
More news
Nucleus encourages shareholders to vote for James Hay deal on 30 March
Vote on £145m deal
Watch the 2021 PA Awards online on 11 March
Save the date
Leigh Day takes first formal step against Link on behalf of Woodford investors
Alleges Link "mismanaged" WEIF
Kirsty Anderson: Stress testing the cashflow model
When was the last time you reviewed your processes?
Chris Budd: Considering afterlife and client objectives
What life memory would you choose?
