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IFAs full of jargon – watchdog report

Consumers are hard-pushed to get jargon-free independent financial advice, according to a report by consumer watchdog National Consumer Council.


The report reveals the difficulty consumers face when trying to get clear information about financial products and the problems experienced when trying to make product comparisons.


CC director Anna Bradley says the survey reveals why consumers seek advice from providers where product information and choices are limited to a handful of firms.


She says: “Consumers are forced to make compromises in their sources of advice because of the difficulties they face in getting the high quality and objective advice they need and deserve.”

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