Adviser masterclass: How to explain fees to clients

According to the Financial Conduct Authority (FCA), almost three-quarters of advisers - that's IFAs, wealth managers and private banks - are still not properly disclosing charges to their clients. Almost 18 months on from the implementation of new rules following the Retail Distribution Review (RDR), this figure has led many to question what might have gone wrong after what appeared to be a successful transition to adviser charging. The regulator reached its conclusion based on a sample of 113 firms across financial advice, wealth management and private banking. From this sample, i...