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financial advice

How would you prefer to pay for financial advice?

Update: Fri, 20/06/2008 - 14:24
Solely through a fee as commission creates bias
42% (8 votes)
I am happy for my adviser to get commission if it saves me from paying a fee
42% (8 votes)
I would prefer for my adviser to use a combination of fees and commission
16% (3 votes)
Total votes: 19

Government pledges free financial advice

Update: Fri, 07/03/2008 - 12:21
Free financial advice could soon be available on the high street offering guidance on everything from saving for a mortgage deposit to coping with debt. Read more

Are you getting the advice you're paying for?

Matt Pitcher's blog    Last Update: Fri, 20/06/2008 - 14:30

From a simple economic point of view, fees would seem like the better option to commission. This is partly because different companies offer different rates of commission to advisers. Let’s imagine for a minute that advisers are not motivated by purely selfless goals and like most of us have mortgages to pay and mouths to feed.

Read more

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