Hoban backs RDR move to fees

He has received "quite a lot of correspondence" from individuals concerned by the FSA's decisions on the RDR, Hoban told delegates at the AXA Elevate Partners' Conference this week. But he is backing the reforms as the only way to escape the "promises and hearsay" culture of the past to create a transparent financial advice sector to win over wary consumers. "While financial advisers did not cause the global economic downturn, you do have an important role to play in rebuilding trust across the financial sector", he said. "A more transparent market - where advisers compete on cost ...