All change: Getting paid in a post-RDR market

For some firms, implementation of the retail distribution review (RDR) is providing an opportunity to review advice and remuneration models, and for almost all there will be some change required. Clients are not changing; they will still have different tax positions, different objectives and so on. When considering a lump sum investment, the impact of the RDR proposals will be different for collectives and investment bonds. Let us look at two popular areas for discussion – product facilitated adviser charging and fund switching. Adviser charging With the removal of commission from J...