I write articles about all aspects of retirement income, especially annuity and drawdown. I also regular appear in the national press and occassionaly on radio and TV.
When the Retail Distribution Review (RDR) was put into place in 2013, financial advisers were banned from taking commission from investment and pension plans. This included advised annuities. However, the ban on commission did not apply to non-advised sales which means that non-advised brokers can still be paid commission. I have long argued that this is unfair and creates an u ...
Brits do not trust financial advisers
The majority of Brits do not trust financial advisers according to a survey conducted by advice firm My Pension Expert.
This is nothing new as the poor perception of advisers has been widely reported in the past, and unfortunately the general public often cannot separate the trustworthy and passionate advisers from the firms that sell rather than advise.