For and against: Should adviser fees be displayed online?

Which? suggested it should be mandatory for firms to list their advice charges on their websites

Carmen Reichman
clock

Advisers have been put under pressure to display their charges online so consumers can make informed choices before they get in touch. But should they? We asked a few…

At the weekend consumer champion Which? renewed its call for advisers to display their fees and charges online. The idea was to make it easier for consumers to shop around, and that "good IFAs have nothing to fear" from doing so, Which? claimed. The body has been campaigning for better fee transparency since the Retail Distribution Review, but now it wants the regulator to act and make displays mandatory. Advisers are split on the issue and some warn forcing consumer focus on price would achieve the opposite of allowing them to make an informed choice. They claim it could be a "mis...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Why 'polluter pays' isn't as simple as it seems

Why 'polluter pays' isn't as simple as it seems

'If only life was that easy'

Justin Cash
clock 20 December 2024 • 4 min read
'It's just not good enough' – service continues to frustrate advisers

'It's just not good enough' – service continues to frustrate advisers

Regulation ‘not biting the real day to day grind’

Jen Frost
clock 10 December 2024 • 3 min read
Consumers invited to debate on the idea of targeted support

Consumers invited to debate on the idea of targeted support

Phoenix Insights forms panel to meet in early 2025

Isabel Baxter
clock 10 December 2024 • 2 min read