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Older Models Aren't a Passing Fashion, They Make Sense Financially and Socially

Older Models Aren't a Passing Fashion, They Make Sense Financially and Socially
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Industry Voice: The value of advice

43% of financial advisers felt pressure on their charges in 2020
This was one of the headline findings from the Schroders Annual Financial Adviser Survey undertaken at the end of last year.
In an FCA
[1] paper that swiftly followed in December, the number one reason that was given by members of the public with cash to invest for not taking advice was that they would not benefit. The paper also revealed that most people who would seek advice expect to pay no more than £250, regardless of the amount invested!
Seems like we have an interesting challenge…
This latest research from Schroders and the FCA re-opens the price/value debate. Financial advisers are reporting price pressure and potential clients are expressing a view that they do not recognise the need for advice and are not prepared to pay much for it. ....

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