Watch out for 'pay to play' charges

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Justin Lowes, managing director of Lowes Wealth Management, examines platform charging pre- and post-RDR.

Most industry participants would agree that a worthy objective of the RDR would be to help create and maintain a system whereby retail clients receive the best possible advice, and are able to access the best possible selection of investment opportunities. From the perspective of a boutique fund management firm, it is apparent that an obvious way of advancing this goal would be to push for transparency and open architecture for all major platform structures for which retail investors are the end customers. Choice inhibiting Currently, a number of non-open architecture platforms wit...

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