With the evolving RDR, Macquarie Bank's John Porteous says firms who want to be well placed for the future should look to combine robust client planning with low cost.
The debate around the practical implications of RDR has raised an interesting question amongst the advice and planning community. For years, many IFAs have been staunch in their defence of "independence". As the RDR has evolved so the costs associated with independent status have become more apparent. This has led business owners and management teams to reflect on their core advice proposition and its viability within the framework of a post RDR definition of independence. Even those who opt to retain the independent moniker cannot guarantee that this will prove a sustainable move. Given...
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