Advisers appear divided on the issue of the value of financial advice, with almost half (47%) of the opinion clients are being overcharged for advice services, according to research from the New Model Business Academy (NMBA).
The research found the other half (53%) of the 139 advisers surveyed did not believe clients were overpaying, with many arguing many charging structures do not fully reflect the amount of behind-the-scenes...
'Necessary steps' taken
Penalty payments and enforcement policy
Fees as low as 0.04%
Client procurement costs ‘unsustainable’
Only 9,486 applied for the benefit in 12 months