Which way now for advisers following RDR U-turn?

This question is extremely difficult to answer given the twists and turns the RDR has taken to get to this point. Firstly, IFAs were given the impression from the initial Discussion Paper that to be ‘independent’ they would have to be fee based; a supposition that was widely believed but later denied by the FSA. It has now been confirmed ‘independence’ will mean whole of market. Then there were rumours the FSA was planning to scrap commission in its current form which again was denied and the focus placed on customer agreed remuneration. In the interim report, the FSA says it is not ‘...