The research conclusions in the following article are a worrying read for all Independent Financial Advisors http://www.moneymarketing.co.uk/regulation/just-13-of-consumers-want-ongoing-fee-based-advice/1056524.article If just 13% of people are prepared to pay a fee for advice the industry will not be able to survive in its current form. Only those with connections to a lot of people retiring and those high net worth individuals who are prepared to pay for investment advice will survive unless the can still earn commissions from mortgages and protection insurance. I predict there will be significantly fewer IFAs in London in two years’ time.rnrnThis information is intended to provide a general review of certain topics and its purpose is to inform but not to recommend or support any specific investment or course of action.rn
