RDR

FIVE THINGS

The Association of Independent Financial Advisers (AIFA) has announced that LV= has become an associate member of the organisation.

Schroders has cut the initial charge on a range of unit trusts from 5.25% to 3.25% ahead of the Retail Distribution Review.

A group of senior politicians and pension providers have called on the Financial Services Authority (FSA) to review the impact the retail distribution review (RDR) will have on pension provision.

Advisers unable to evidence that a VAT exempt transaction has taken place will be charged at the standard rate, final HMRC guidance states.

Openwork has launched a support service for its advisers seeking financial assistance while transferring to a fee-based model.

The FSA today confirmed its policy and guidance on when trail commission will be paid after the implementation of the retail distribution review.

The FSA has finalised its guidance on when firms can (and can not) receive commission post-Retail Distribution Review (RDR).

The Investment Management Association (IMA) said it is "very disappointed" with elements of the FSA's guidance on the treatment of trail commission post-RDR.

The Financial Services Authority (FSA) will allow advisers to continue to take trail commission after 2012 on fund switches within life policies set up pre-RDR.