Firms question flat fee concept for retirement advice

Is focused advice a viable option?

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National advisory groups have endorsed proposals put forward by the Personal Finance Society (PFS) for a tiered approach to delivering George Osborne's retirement 'guidance guarantee', but are unsure about the viability of one of its tiers - a regulated 'focused' advice model which would come with a flat fee.

The PFS has suggested participating advisers could offer a simplified advice route for retirees for whom Osborne's proposed 'guidance' may not be enough, and a full financial review too much. To...

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