Better Business: The complete package

The Retail Distribution Review (RDR) has fundamental implications for financial advisers, calling for evolution of their business models to meet the requirements of a post-RDR world. RDR requires IFAs to position themselves firmly in a client service camp and advisers face a number of challenges. If RDR proposals come to fruition, there will be a seismic shift away from generating income through commission and towards pre-agreed charging structures aligned with levels of advice and ongoing service provision individual clients need. In short, the revenue an adviser generates from individu...