It has long been argued that one of the effects of RDR will be to leave middle England unable to afford financial advice. However, Towry chief executive Andrew Fisher has argued that actually there is a 'clear solution' to the problem.
Fisher was speaking at yesterday's Marketforce conference the Future of Life and Long Term Savings. It is widely argued that the switch from commission to fees will push up the perceived cost of financial advice leaving those with less money unable or unwilling to pay for it. This was the concern expressed by Brigid Benson director of advisory group, The GAEIA Partnership, a panel member at the event. She said: "One of my big worries is that so many people will be excluded from the industry. I just don't see a roadmap for the provision of mass market advice." Fisher, who was...
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