The UK's largest adviser network has come out strongly in support of an unbundled charging structure for platforms - but warns providing too much information to consumers will be "counter-productive".
In its response to the FSA's platform discussion paper, Sesame Bankhall welcomes the regulator's focus on transparency and says the move towards unbundled charging is an "essential" part of adviser remuneration practice. "If you put the RDR and platform paper side-by-side, you reach the conclusion an unbundled structure is highly desirable and almost essential in order to comply with adviser charging," says chief operating officer Stephen Young (pictured). Young says there should be a clear breakdown of how much the consumer is paying for funds, the platform and advice. "We absolut...
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