The Financial Services Consumer Panel has published research lambasting the financial advice industry...
The Financial Services Consumer Panel has published research lambasting the financial advice industry in response to the retail distribution review. The group listed various complaints including that the market is confusing, it is unclear where advice is independent and there is a perception there is no value to seeking advice. The least financially knowledgeable consumer sees advisers as existing only to serve the mega-rich, and the most knowledgeable considers himself suitably proficient to invest without advice, according to the report. Financial Services Consumer Panel chairman John ...
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