Nearly three-quarters (72%) of active investors trust IFAs to make investment decisions on their behalf compared to just 12% who gave their backing to robo-advice, a survey has found.
A survey from Minerva Lending also found only 35% of active investors said they would trust a stockbroker with an investment decision. Above all else, however, investors polled trusted their own judgement,...
'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