Almost all (93%) advisers say they would not look to offer a stripped back or ‘core advice’ offering that would give people access to a simplified alternative of their services, research shows.
Findings published today (28 February) by AJ Bell show just 7% of advisers plan to offer a core advice service and mostly cite fees and capacity as the main reasons for this. The research was published as part of the firm's response to the Financial Conduct Authority's (FCA) access to advice consultation and also outlines it's key concerns around the proposals for a simplified advice regime. The consultation, CP22/24, asked for industry feedback on proposals such as streamlining the client fact find process so that advice is "more straightforward for both firms and customers". The FCA...
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