For and against: Should adviser fees be displayed online?

Which? suggested it should be mandatory for firms to list their advice charges on their websites

Carmen Reichman
clock

Advisers have been put under pressure to display their charges online so consumers can make informed choices before they get in touch. But should they? We asked a few…

At the weekend consumer champion Which? renewed its call for advisers to display their fees and charges online. The idea was to make it easier for consumers to shop around, and that "good IFAs have nothing to fear" from doing so, Which? claimed. The body has been campaigning for better fee transparency since the Retail Distribution Review, but now it wants the regulator to act and make displays mandatory. Advisers are split on the issue and some warn forcing consumer focus on price would achieve the opposite of allowing them to make an informed choice. They claim it could be a "mis...

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 Regulation

PA360: FCA's Hulme - Targeted support will 'never' replace holistic financial planning

PA360: FCA's Hulme - Targeted support will 'never' replace holistic financial planning

A ‘broader stepping stone’ to fully fledged advice

Isabel Baxter
clock 01 May 2025 • 2 min read
FCA on finfluencer financial harm: 'We need people to sit up and take action'

FCA on finfluencer financial harm: 'We need people to sit up and take action'

Treasury Committee questions regulator on the impact of finfluencers

Isabel Baxter
clock 01 May 2025 • 4 min read
FCA's data reporting cuts: 'A start but fairly low hanging fruit'

FCA's data reporting cuts: 'A start but fairly low hanging fruit'

Impact is yet to be determined but a positive step, commentators say

Isabel Baxter
clock 29 April 2025 • 4 min read