Mike Barrett, platform marketing manager at Skandia, explains how to provide clients with a true total cost of ownership and highlights the dangers of hidden charges.
The Retail Distribution Review (RDR) was always going to be a facilitator for change, rather than just a deadline, and anyone who has experienced transformational change understands it will take several months before things settle down. Despite the disorder, there have been signs of positive times ahead. Skandia research shows that half of advisers think RDR will have a beneficial impact on the industry: 41.5% said it would have a positive impact and 8.6% felt confident enough to say it would have a very positive impact. Of course, every adviser firm will be at different points of the...
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