AWD Chase de Vere has reported a positive response to the rollout of a pilot of Customer Agreed Remuneration (CAR.)
The charging structure offers a choice of advice-based fee, commission through product charges or a combination of both. This allows customers to match their payment terms according to their financial needs and circumstances, in advance of advice being given, the group says. Following the Retail Distribution Review, many advisers have to rethink their approach to charges and AWD Chase de Vere is taking steps to ensure it meets TCF guidelines, says the company. AWD Chase de Vere will follow up this initial pilot with another in October and intends to share the results with the FSA before...
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