How Much Should Financial Advice Cost?

The ongoing charging model could be on the way out as the City regulator turns its attention to "harmful" fees

James Gard 23 January, 2020 | 9:33AM

Frozen pound

Financial advice fees are ripe for a shake-up, according to experts, following a warning by the Financial Conduct Authority (FCA) that many customers are still paying too much.

The regulator sent a letter to all financial advisers saying that “paying excessive fees or charges for products and services” is one of the ways firms can cause “significant harm to consumers’ financial well-being”.

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James Gard  is content editor for Morningstar.co.uk

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