Warning on EU threat to complicate adviser charging

It follows concerns European regulators will impose the rule on the continent shortly after the introduction of the RDR, potentially forcing the FSA to revise its Handbook. Under current RDR legislation, adviser will only need to disclose to clients the cost of advice, the product charge, and the cost of any ongoing services. But a compulsory TER breakdown - as part of the product charge - may also include the costs for other services paid for by the fund, such as fees paid to the trustee, custodian, auditors and registrar. All this as well as a manager's annual charge and any wrap or...