Investec Structured Products has released details of its Retail Distribution Review (RDR) adviser charging model, with the aim of servicing a range of adviser business models after the 31 December.
The core product offerings are:
• Most structured deposits offered with commission, with the exception being those that are tightly priced.
• All structured deposits will facilitate adviser charging
• All structured investments will facilitate adviser charging
• An execution-only service proposition with a small number of structured investments including initial commission payments
Investec's RDR proposition aims to offer flexibility and choice to intermediaries across a wide variety of business models, so advisers can utilise Investec's Structured Products efficiently to the benefit of their client portfolios.
More specific details will be released in December.
Head of intermediary sales, Gary Dale, said: "RDR is definitely shaking up the industry and I believe it will be some time before we will be in a position to understand the full impact of the changes on intermediary businesses.
"Our aim for next year is to support advisers by offering a broad range of RDR compatible products, with unbundled, explicit and transparent charges highlighting the value in structured products that are priced without commissions using tools such as our valuations page.
"Adviser firms will undoubtedly operate a wide variety of business models therefore it was important for us to design and facilitate a proposition that suits these diverse intermediated businesses."
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