RDR in the news #6: Why advice costs shouldn't 'scare people off'

Going to a bank branch for help with an Isa, pension or other investment has traditionally been like plunging into a pool of piranhas. You could almost sense the commission-hungry salesmen circling, teeth bared, ready to rip into your purse or wallet. But from January all that should change. At least that's the plan. New rules will outlaw commission on new sales of financial products and force all financial advisers, whether in a bank branch or independent, to charge separately for advice. Some banks - including Lloyds, Barclays and HSBC - are so terrified of telling customers h...