Consumers are overwhelmingly unwilling to pay for fee-based financial advice, according to a YouGov poll, with some expecting to pay as little as £10 per hour.
Keith Churchouse, director of Chapters Financial, plans to launch a simplified advice platform in the New Year after earlier putting the project on hold.
The Financial Services Authority (FSA) is to set the income threshold under which firms will only have to pay the minimum annual fee at £100,000.
Legal & General Network (LGN) has confirmed plans to freeze its current charges for existing mortgage, protection and general insurance services until January 2014.
Fidelity FundsNetwork will roll out its Retail Distribution Review (RDR) ready adviser fees service on 8 October, facilitating ongoing, initial and specified fees.
More than a quarter of firms are currently charging a monthly retainer for their services, research suggests.