I remember a recent blog where an adviser had a pop at me for having a go at investment bonds because I said they were often mis-sold.
Naturally he took issue with my hard stance, which I suppose is fair enough. Unfortunately he went to print with basically an acknowledgement that he didn't understand what he had been selling to customers. I had mentioned that many advisers hid their fees behind a contrived 'extra allocation' rate. This meant they could pop round every five years for their next 8% commission by using the excuse of 're-basing' or changing the underlying asset allocation. For this, cunningly, a new provider was actually better, so, hey-ho, 8% in the bag, see you in five years. The biggest issue however ...
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