Three things your clients may call you about this week …

What made financial headlines over the weekend?

clock • 3 min read

The cost of financial advice can vary by 1,000% and "incurable" state pension hangovers - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …

Cost of advice from an IFA can vary by 1,000%  Accessing financial advice could cost £4,500 more if you opt for one of the most expensive advisers, says this research carried out by Which? for the The Sunday Times. To find the figures, consumer group Which? surveyed 108 financial advisers and asked them how much they would charge people in various scenarios. In one scenario, a woman approaching retirement who wants advice on drawing an income was quoted £500 for advice by the cheapest adviser - and £5,000 by the most expensive. The advisers were told by the mystery shopper that she ha...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Women in leadership: Being authentic is a strength

Women in leadership: Being authentic is a strength

‘Leadership in financial services is a team sport’

Jenna Brown
clock 16 April 2024 • 7 min read
Advisers seeing clients 'stretch finances' to afford private school

Advisers seeing clients 'stretch finances' to afford private school

Parents ‘stretching finances’ to finance private education

Sahar Nazir
clock 16 April 2024 • 1 min read
FCA's Howard: Firms' culture must change to attract female talent

FCA's Howard: Firms' culture must change to attract female talent

‘We need a different and better mix of advisers and advice’

Jenna Brown
clock 16 April 2024 • 4 min read