Providers unite to facilitate adviser charging

Aegon, Friends Life, Legal & General, Prudential and Scottish Life have produced a set of principles (see below) for advisers and providers to ease the facilitation of the payments. Steven Cameron, head of regulatory strategy Aegon, said the approach could help to avoid problems for advisers and providers. "We feared there could be chaos in early 2013 if advisers were to agree certain charging structures with clients, only to find the provider they then recommend wasn't offering that particular option," he said. The project was facilitated by Deloitte and also involved input from S...