A total of 95% of IFAs say customer-agreed remuneration (CAR) will be important to future business with solicitors and accountants, according to a Winterthur survey.
The survey of more than 100 IFAs follows the FSA’s Retail Distribution Review (RDR), which outlines plans to separate advice from product costs in a customer-agreed process. Winterthur says CAR would help advisers build client trust in a business that increasingly needs solicitors and accountants. The survey shows 65% believe CAR would help build trust with clients if introduced while another 69% say it would help promote the value of their advice. A total of 81% believe CAR would help demonstrate their independence from providers and reduce the perception of provider bias. Nick Lee...
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