'Secret' adviser fees aren't a 'scandal'

Only 11 of the largest 100 IFAs in Britain publish their charges on their website, with the other 89 stating they require a face-to-face meeting before providing a rate to a prospective client, according to a recent report by the Sunday Times. The article described this is as a ‘scandal', accusing advisers of keeping fees ‘secret' and making it difficult for people to compare the cost of advice between the different firms. But the report fails to acknowledge the difficulty that surrounds providing a flat-rate fee, and especially promoting this online. While advisers agree that, for...