Better Business: Fidelity's Peter Hicks on adviser charging

While there are obvious and significant differences between music and fund distribution, it feels at the moment as though there is a parallel between the two. There is an undoubted harmony between the Retail Distribution Review’s proposals on adviser charging and the industry’s response to them. Both the regulator and the industry understand the need for – and strive to achieve – the perpetuation of a competitive and healthy industry, run for the benefit of its consumers. In this quest there is usually a healthy tension between the regulator and the industry. But something feels differen...