Blog: What price financial advice post-RDR?

According to Ernst & Young's 2011 radar report on the life and pensions industry, the number of financial advisers in the UK is going to shrink even more over the next couple of years than it already has. The move to fee-based advice will put off customers unwilling to pay upfront charges (even if those charges are cheaper than under the commission system). To make ends meet, the remaining advisers will move upmarket, find new and more efficient business models, or both. They may also have to join forces in the face of new market entrants and competition from self-directed consumers, ...