A third of respondents say higher minimum qualification requirements will be most beneficial to consumers, 29 per cent say greater clarity of services and 9 per cent say retention of the basic advice regime is key.
Factoring topped the most harmful list with 31 per cent of votes, followed by 29 per cent who say adviser charging will be damaging and 15 per cent for the simplified advice process.
Aegon says it is surprised that adviser charging received such a high proportion of votes and believes this could be due to the associated factoring ban.
Aegon adds that it hopes the FSA will reconsider its decision for an outright provider factoring ban and work with the industry to come up with a practical solution.
Aegon head of business regulation Steven Cameron says: “IFAs are clearly concerned about the proposed ban on provider factoring. While the FSA believes this is necessary to eliminate any bias and improve consumer trust and confidence, IFAs see this as the proposal most likely to harm consumers.
“Aegon shares this concern. We need to make sure the focus on removing bias doesn’t come at the expense of driving advice out of the reach of modest regular savers.”