UK consumers won't pay for adviceBY ALEX DUNNIN | WEDNESDAY, 1 AUG 2012 11:20AMFee for service will increase the UK's 'advice gap', said consultancy firm Deloitte after analysing the results of a consumer survey into whether consumers would be willing to pay up-front for advice. |
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Blake Briggs
CHIEF EXECUTIVE OFFICER
FINANCIAL SERVICES COUNCIL
FINANCIAL SERVICES COUNCIL
Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.
Risk advisers have known this for years, but governments won't listen. Customers prefer the commission model for risk and understand advisers have to be paid - as long as its not by them, directly from thier pockets.
Of course government won't listen because they believe the gap will be taken up by the "free" service provided by the ISN funds