Consumer Duty driving advisers to justify and evidence fee increases

The latest episode unpacked some of NextWealth's recent findings about advice fees in terms of prices, which revealed that ongoing advice fees continue to increase. With that overview in mind, Napier talked about some the factors reshaping how advice firms set and justify their fees. She also shared more on NextWealth's findings about if clients understand what fees they pay and what are some of the top factors that clients see as ‘value for money'. With the regulator being focused on value, Napier discussed if the cost of delivering advice is increasing and whether fees will conti...