Fidelity is launching an optional Adviser On-going Fee service in line with the RDR's proposal to move to a fee-based model with customer agreed remuneration.
Fidelity's new service will be fully launched by the end of this year with ISAs and collectives the initial products included.
The service will not replace or change any commission structures already set up should the adviser not want to use the Adviser On-going Fee.
Peter Hicks, head of UK retail sales at Fidelity International, comments: "The Adviser On-going Fee service will give advisers better flexibility over remuneration they want to receive and at what level. It will be transparent and clear to the client and adviser, with the adviser remuneration being agreed between them."
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According to Cicero report