Simplified advice: Homegrown solutions to the lower value client problem

If you are looking for an indicator of what issues are bothering advisers, there are few better ways than to attend an event where they have the opportunity to grill someone from the regulator. At one such event, hosted by technology provider Distribution Technology, the thorny issue of simplified advice came up again, indicative of a struggle with the concept that has been going on since at least 2010 but which seems to be gaining momentum as advisers look to tweak post-Retail Distribution Review (RDR) business models. The question, or more the complaint, was that while the idea of a...