Eye-watering inflation will widen advice gap
Advisers have identified it as the ‘single biggest challenge’ they currently face
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Advisers have identified it as the ‘single biggest challenge’ they currently face
UK parliamentary committee amendment will provide clarity on advice-guidance blurred lines
29% of UK adults said they would not go to an IFA because it was too expensive
‘Memories of a sales and commission driven culture at some firms’ has ‘damaged people’s view’ of industry
While Brits want local councils to recommended IFAs to help with later life planning costs
Firm expects next cohort to start in April
Firm aims to reach ‘abandoned’ clients with £100,000-£2m in investible assets
Pimfa warns that move could act as a barrier to entry for smaller IFAs and widen the advice gap
Potentially hundreds of senior Australian financial advisers could leave the industry if they are forced by the government to upskill, according to the country’s Stockbrokers and Financial Advisers Association (Safaa).
Half of UK clients would prefer to pay a fixed rate for a standard piece of advice work, such as setting up a pension, but almost a quarter want the return of traditional commission.
Robo-advice and investment service Munnypot said it plans to launch a financial advice service to the UK market in the autumn that offers straightforward advice using simple language.
A recent survey by HSBC showed that 50% of its clients currently fear retirement.