The end of the IFA ‘long con’

If you want somebody to advise you on your financial affairs, you can expect to pay through the nose. But there is an alternative, says Tom Bulford.

Every now and then I read something that really takes my breath away.

Here's one: "Charges for financial advice are increasing as a result of the Retail Distribution Review, leaving high-quality advice much harder to come by except for the relatively wealthy. Adviser fees will rise to between £150 to £400 per hour, with the bill for a financial health check typically reaching about £1,500."

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