More financial education is needed - Openwork

Financial advisers believe government, schools and the financial services industry should do more to highlight the value of advice because clients are willing to pay for it, research by Openwork has suggested. Meanwhile, another study by the network has revealed advisers are seeing a surge in demand for inheritance tax (IHT) advice. According to Openwork's research, 65% of clients are willing to pay for advice when provided with an explanation, while 38% are happy to pay without any explanation. Just 3% of advisers said they regularly lose clients over fees. However, the study of 1...