The UK financial advice profession is facing a quiet but profound contradiction. According to the Financial Conduct Authority, around 4 million clients currently pay for ongoing advice. Together, they generate an estimated £8–10 billion a year in fees—around 80% of total adviser-charge revenue. On the surface, this suggests a healthy, sustainable model. Look closer, and … Continue reading The £10 Billion Question: Is “Ongoing Advice” Still Fit for a World That Changes Daily?
Tag: ongoing-advice-fees
From Fee-for-No-Service to Empowered Planning: A New Chapter for Ongoing Advice
In recent years, one of the most striking stories in UK wealth management has centred on SJP. What started as the promise of ongoing advice, review and service has instead, for many clients, become a worrying case-study of paying for something not delivered. The SJP story: When “ongoing advice” became a contested charge SJP has … Continue reading From Fee-for-No-Service to Empowered Planning: A New Chapter for Ongoing Advice
Academy of Life Planning 