More financial education is needed - Openwork
Most clients willing to pay for financial advice
Two thirds of advisers believe more emphasis should be placed on financial education in schools
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....
More on Adviser / Broking
SOLLA and Just Group update adviser vulnerability training
Covid-19 and cognitive decline
Partners& appoints head of business protection
To embed people risks into business insurance offering
Matthew Chapman: Seven things I want to see in 2021
‘Change can be extremely positive’
Stamp duty holiday opens door to protection conversations
However only 48% advisers saw protection sales grow
Renew Life to enter into administration
PI insurance revoked amid market ‘nervousness’
