Mike Morrison: The elusive search for 'value for money'

Focus on building awareness

clock • 3 min read

Mike Morrison revisits the question of just what constitutes 'value for money' with an intangible such as financial advice and how anyone might set about measuring it

This time last year, I wrote an article on The true value of financial advice. As the debate remains firmly on the agenda for consumers and financial advisers alike, however, I thought it worthwhile revisiting some of the key figures: * 28% of adults prefer the concept of face-to-face financial advice but only 8% are prepared to pay more than £100 an hour for such advice. * One-third of households with £100,000 to £150,000 of savings and investments said they would pay no more than £50 an hour for advice. * A further third that they would not be prepared to pay anything. * Just ...

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