View more on these topics

Research shows public prefer commission to fee-based advice

Moving to a fee based system of financial advice will deter people on low incomes from seeing a financial adviser, according to research carried out for Intelligent Finance.

The research shows 59 per cent of those who expressed an opinion would be more likely to seek advice under a commission-based system than if they had to pay fees. Lower income groups were twice as likely to seek advice if the financial adviser was paid by commission rather than an up front fee.

The survey was carried out by ICM Research, who questioned 1005 adult in January 2001.

Recommended

New pension rules could hit directors and higher earners

Controlling directors face losing out after the introduction of the latest raft of pension transfer regulations, warns the Income Drawdown Advisory Bureau. The IFA says anyone who could be disadvantaged by the rule chan ges should consider transferring now. The changes are part of the personal pension scheme transfer regulations which take effect from April […]

Yorkshire takes byte at technology VCT

Yorkshire Fund Managers has introduced the British Smaller Technology Companies VCT 2 as a follow up to the British Smaller Technology Companies VCT1. This venture capital trust aims to provide growth by cherry picking young, developing companies in the technology sector. These companies will be chosen will comprise of businesses that provide technology products or […]

Axa warns stake players they need bank backing

Axa says IFAs should question whether the stakeholder providers that are not linking up with high-street banks will survive, following its partnership with Bank of Scotland. The Bank of Scotland stakeholder will not carry the Axa brand although the life office will provide the investments and administration for the product. Axa, which recently unveiled plans […]

INDEPENDENT VIEW

With-profits funds have taken a bit of a hammering recently. The review of low-cost endowment sales has left many people with the feeling that a withprofits fund perhaps carries more risk and fewer guarantees than they first thought. The debacle at Equitable Life has compounded these concerns. Low reserves, poor free-asset ratios and a naive […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com