A move by the Government designed to boost savers' pension funds by cutting down on 'excessive' charges may hit companies' incomes by £1bn – five times more than previously suggested.
Online advice will never be a "real threat" to Financial Planning with internet services complementing rather than taking over the role, a Financial Planner believes.
About one third of savers have "actively enquired" about raiding their pension pots next April following the radical Budget reforms, an advisory firm has estimated.
The Financial Services Compensation Scheme has declared 50 failed financial firms around the UK in default, many of which were advisory and Financial Planning businesses.
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