RDR: 'Convenient' payment red tape could limit adviser options

Advisers are likely to worry this increased regulatory burden may tempt providers away from offering these services, restricting, in the eyes of some, the "affordability" of advice. In its latest RDR Consultation Paper, the regulator says providers have the option to offer such services, but would face increased regulatory requirements. As advisers will no longer be able to receive commission or factored payments, some providers have looked to provide other facilities to allow consumers to pay for their advice, such as making regular deductions from their initial investment. Howeve...