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Is the Retail Distribution Review going to be good for you?

Welcome to the Survey. Find out how your view of the world stacks up with everyone else's. When you submit your answers, we'll give you a quick summary of your thoughts, plus the results all our responses.

Question: 1

Which of these statements is most true about you?

 

I will not be buying any investment or pension products before the end of 2012 but definitely will do after

 

I might buy investment or pension products before the end of 2012 but definitely will after

 

I will be buying investment or pension products both before and after the end of 2012

 

I will be buying investment or pension products before the end of 2012 but not after

 

I do not intend to buy an investment or pension product at all


Question: 2

Which of these statements is closest to what you believe when it comes to receiving financial advice today?

 

I trust financial advisors (independent or otherwise), pension companies and banks to always act in my best interest

 

I only trust financial advisors (independent or otherwise) to act in my best interest

 

I only trust independent financial advisors to act in my best interest

 

I only trust banks and pension companies to act in my best interest

 

I don't trust any of them to act in my best interest


Question: 3

Which of these statements is closest to what you believe when learning about different pensions and long term investment products?

 

I'd always go to an independent financial advisor

 

I'd be happy to go to a financial advisor, whether independent or not

 

I'd be happy to go to a financial advisor, bank or pension company

 

I'd ask family and friends

 

I'd do my own research


Question: 4

Which of these statements is closest to what you believe when buying a pension or long term investment product?

 

I'd only ever buy through an independent financial advisor and no-one else

 

I'd be happy to buy from a financial advisor, whether independent or not, and no-one else

 

I'd be happy to buy from a financial advisor, bank or pension company

 

I'd go directly to a bank or pension company, but not through an advisor

 

I'd do my own research and act on whatever my findings were


Question: 5

Which of these statements is closest to what you believe when paying for advice in buying a pension or long term investment product?

 

I am happy to pay a fee for advice, whether from a financial advisor (independent or otherwise) including advice from a bank or a pension company

 

I am happy to pay a fee for advice from a financial advisor (independent or otherwise) but not for advice from a bank or pension company

 

I would only pay for an advisor if he is independent, and no-one else

 

I am not happy to pay for advice, I believe that any payment for advice should be made through product supplier commissions to advisors

 

I'll do my own research and don't intend paying


Question: 6

Which of these statements is closest to what you believe when choosing which products to seek paid advice on?

 

I would seek paid independent advice on any kind of investment product

 

I would seek paid independent advice on any kind of long term investment or protection (e.g. Health, Life) products

 

I would seek paid independent advice on any kind of long term investment product but not protection products

 

I would seek paid independent advise only on pensions but no other kind of long term investment or protection product

 

I don't need advice on any of them


Question: 7

Which of these statements is closest to what you believe in regard to the level of fees you would pay for advice when buying a pension or long term investment product?

 

I would be happy to pay an agreed fixed fee for the advice irrespective of anything else because what I'm paying is for the advisor's time

 

I would be happy to pay an agreed fixed fee for advice but only if I could be assured that the advice I was getting was independent

 

I would be happy to pay an agreed fixed fee for advice but only if I could be assured that the return on my invetment would be worth it

 

I would be happy to pay a variable fee over time, related to how well my investment performed

 

I would never pay for advice


Question: 8

Which of these statements do you believe to be most true about independent financial advisors?

 

Financial advisors do not offer that many products; they need to give me a greater choice of different products (e.g. including national savings, ISAs etc...)

 

Financial advisors tend to offer products from a few suppliers; I wish they could offer products from a wider range of suppliers

 

Financial advisors offer the correct product range as it is

 

Advisors already have a confusing array of different products from different suppliers; I wish they would make it simple for me

 

I don't care what they offer, I'd never go there


 

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