There is a myth perpetuated in financial services that ‘clients will not pay fees'. My experience is very different. Where it is possible to articulate value to a client they will of course pay fees for financial advice. I do concede that commission offsetting...
IFAs are focusing on too broad a sector of the market and as a result there is too much reliance on commission from continually selling products rather than on a holistic long term planning service, argues Abbey.
There have been a few developments recently which have put the spotlight on the relationship between the client and the adviser and, more specifically, ownership of the client between the provider and the adviser.
Financial hari-kiri or just plain daft? Whatever you want to call it, single charge commission-paying group personal pensions and stakeholder are defying financial gravity, thanks to the generosity of some providers - or more precisely, their shareholders'...
IFA Promotion has asked the FSA to consider a change in its information requirements from intermediary firms, which would clearly state the way IFAs are paid for advice given.
The majority of financial advisers believe IFAs will eventually be wiped out by the Financial Services Authority's retail distribution review, according to an IFAonline industry straw poll.
The FSA's latest outlook on systemic risks facing the industry focuses heavily on the role of intermediaries and intermediation processes as an area to keep under control.
Ok, so let's get this bit out of the way first - those Australians certainly showed us a thing or two about how to play cricket in the recent Ashes series. In some areas, Australian supremacy is not in doubt.
The majority of IFAs do not think the Financial Services Authority is treating the industry fairly, according to the latest IFAonline industry straw poll.
Thinc Group is introducing a radical remuneration structure which offers financial advisers "a dignified exit from the industry" at retirement but requires those not bringing in enough annual revenue to change their status within the firm.