What is the appropriate charge for advice?

Responses to the Incisive Buzz survey show resentment of FSA setting hourly fees

With the FSA moving to introduce a menu system, highlighting hourly fees for advice, from 2005, intermediaries debate what is an appropriate fee base. Answers vary, with many still advocating offsetting with commission and those who already charge fees ranging from £65 per hour to more than £290. Most, however, resent the FSA's involvement in the situation at all. • As a firm of chartered accountants, we already charge for financial advice on the same basis as for our accountancy services. Individual chargeout rates range from £90 to £281 per hour and are calculated by reference to costs, ...