Sesame Bankhall begins adviser charging transition

Ivan Martin, executive chairman of the enlarged group, says the company has identified 13 "work streams" - areas of the business it feels it must address to be RDR-compliant - but says most are on ice until final recommendations are published. However, as adviser charging is one of the few "mandated" RDR proposals, Martin says the group will assess this area and make the necessary investment immediately. "It [adviser charging] is one of the only things we know is going to happen after 2012," he says. "Commission as we know it will be banned so we have already started looking at this a...