David Thompson, managing director of marketing and distribution at AXA Wealth, looks at the role product providers and platforms play in creating new charging structures
With the implementation of the Retail Distribution Review now only a few months away, it is impossible to open a financial services trade magazine or click through the online publications without reading significant commentary on the various aspects of the changes ahead. One of the key elements of the RDR, and the one likely to have the most impact on adviser business models, is the move to a more transparent way of clients paying for advice. The principle of adviser charging continues to receive a high level of debate and comment. With effect from 31 December 2012, advisers who set t...
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