Singapore’s Henley Group Pte fires the second shot in view of the FAIR review. The first shot was fired by Aviva when it announced the acquisition of PIAS.

It was reported that The Henley Group had made significant revamp internally. One of the internal revamp was a strategy to include fee-based proposition. The chairman of the Henley Group, Antony Michell, was quoted as saying that the company is making is to look to hire “slightly older advisers” than it has done previously, “because if you recognise that many clients are going to want fee-based advice, they’ll want to talk to someone with a greater level of experience”.

Source: http://www.international-adviser.com/news/asia/singapores-henley-group-in-revamp

My comment: I agree that for clients who wish to pay fee, they will be looking for ...