ABI calls for IFA overhaul as poll reveals 72% will not pay for advice

The Association of British Insurers (ABI) is today calling for a fundamental rethink of how financial advice and guidance operate. It comes as nearly three-quarters (72%) of people say they will not pay for financial advice. Polling* commissioned by the ABI found four times as many people wanted one off financial advice (46%) instead of the traditional model of ongoing fees (12%). Today at the ABI's conference "Future-proofing the pension freedoms: what next?", ABI director-general, Huw Evans, will call for a fundamental rethink of the regulatory environment to facilitate new forms of...