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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The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
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