Unbiased

Truro is the best place to be a financial adviser in the UK based on the level of interest in advice among the population, according to research.

Hourly rates charged by advisers have fallen by 14% over the last year, research by adviser search website Unbiased suggests, putting rates in line with those charged before the Retail Distribution Review (RDR).

Research has put a monetary value of £100 a month on retirement advice, while claiming evidence shows people save more when advised earlier on in life.

Confusion over the government guidance guarantee should be urgently addressed as the majority of people think ‘guidance' and ‘advice' are the same thing, according to website unbiased.

Anna Sofat, founder of IFA firm Addidi, was named Financial Adviser of the Year at the Unbiased.co.uk Media Awards 2014 at a ceremony in London on Wednesday.

CHARGING

More than half of consumers believe they would benefit from seeking financial advice, according to a report out today.

There is a common misconception that financial advice is reserved for later life, but younger people could be missing a trick by delaying.

Almost two in five consumers do not know what an annuity is, according to research from adviser website Unbiased.

ANNUITIES