Clare Francis, who writes for the Times of London, says that readers claim financial advisors in England are "greedy, lazy, and incompetent."

Having lived in Europe, I can pretty much attest to the fact that financial advice all over is rather low, certainly not up to the standards in the United States. For the most part, in Italy, France, and England, many people are sold insurance policies or investments that either they don't really understand or are simply not right for them. What's rocking this boat? Apparently, the idea of commissions.

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