News

Pitfalls in advertising fees

Wednesday 5th of February 2014

Advisers in the UK have come under fire from a consumer group for their reluctance to disclose their fees over the phone or on their websites.

The group, named Which?, mystery shopped 30 financial advisers, asking how much it would cost for advice on investing a £60,000 ($120,300) inheritance.

It found only 14 of the 30 were prepared to divulge their fees over the phone.

Th...

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