Putting the squeeze on costs

There are strong grounds for believing that after the RDR, investors will be much more cost-conscious. We have already seen criticism in the media of active fund management charges. Today, it is the fund industry under pressure. Tomorrow, it could be advisers. If their businesses are to survive many advisers will have to  find ways to offset lost trail commission through ongoing fees. And they will be under pressure to keep those fees down. That means focusing on where they add most value and outsourcing the rest in the most cost-effective and client-friendly way possible, to enable t...