Maria Merricks looks at what the future holds for offshore products with higher charges once the RDR is in place.
Designed to re-build consumer trust and confidence in the industry, one of the principal outcomes of the RDR is to create ‘an industry that engages with consumers in a way that delivers more clarity for them on products and services’. However, commentators fear the transparency this will create has the potential to affect a consumer’s view of offshore products once they have recognised the higher charges. This raises the question: is there any real place for offshore products post-RDR? Jason Butler, a partner at Bloomsbury Financial Planning, thinks so. He says: “It is true that hithe...
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