Fee charging debate raises eyebrows at IFP conference


Somewhere in the 100-plus pages of the RDR the FSA says advisers will have the freedom to choose how they charge for their services. But is that what they want?

You've got to wade through the first 23 pages of the review before you reach this bit, but it's there: "We are not seeking to prescribe the basis on which a firm might charge for its services. For example, a firm might charge a fixed fee, an hourly rate or a percentage of funds invested." This doesn't appear to have helped matters, though, judging by a seminar I attended at the IFP Annual Conference, held at the Celtic Manor Resort (the venue for next year's Ryder Cup) in Wales last week. In front of an esteemed panel, including Mazars Financial Planning CEO Paul Willans and Bluefin P...

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