fee-based advice

Both sides of the coin for Holloway products

Are you afraid that when the RDR arrives the public will perceive advisers as charging fees for all products and so not consider coming to you for protection advice?

Around a third of people see equity release as an important part of their retirement planning, but are not willing to pay fees for advice on it, according to the Equity Release Solicitors' Alliance (ERSA).

Only a third of consumers would be willing to pay anything for an hour of professional advice, according to a new survey by KPMG.

Advisers are shifting their attention to more affluent clients amid fears the mass market will be unwilling to pay fees for advice post-RDR, research suggests.

Current VAT rules threaten to penalise clients paying in instalments and could undermine the RDR's aims, warns Skandia.

Advisers worried about changes to charging are probably taking too simplistic a view of how to earn their money, says consulting expert Roderic Rennison.

Financial advisers are switching to a fee-based offering as they respond to the current economic downturn, research suggests.

Towry Law has re-iterated its belief that a fee-based service is the "only" way consumers can receive truly independent advice after today moving into new offices.

Scottish Life says only 7% of its new regular premium individual business is written on a commission basis, with the rest fee-based.