Charging

The Association of British Insurers (ABI) has suggested European proposals on banning commission for financial advisers may yet have an impact on RDR.

Professional Adviser speaks to M&G managing director and global head of retail sales, Jonathan Willcocks, about his views on low cost funds and charging levels.

Investors could be faced with a plethora of fund charging models post-RDR as well as higher overall costs and ‘premium' prices for a top tier of better performing funds or specialist mandates.

Advisers have reported newspaper adverts for Ivan Massow's commission rebate business as misleading to the Financial Services Authority (FSA).

HMRC is expected to outline how VAT will apply alongside adviser charging next week. But what should advisers watch out for?

Ten of this week's best-read stories...

The Treasury is concerned the EU directive MiFID II will distort the UK advice market by restricting the commission ban to independent advisers.

Cofunds has revealed that less than 10% of advised clients on its platform are currently associated with a fee-based remuneration model.

HM Revenue & Customs (HMRC) is to expand its Business Records Checks programme, in an effort to close the tax gap and clamp down on inadequate record-keeping.

The FSA's consultation on simplified advice contradicts warnings it has previously made on risk profiling tools and the regulator needs to clarify its position, Prudential distribution strategy director Russell Warwick said.