RDR to cause 'cost dilemma' for employers seeking advice

JEB claims 54% of employers paid their IFAs using commission. Around 20% were unsure about remuneration, in which case they were likely to use commission as well. These employers will be faced with problems when costing advice after the RDR, says Steve Herbert, head of benefits strategy at JEB. Herbert also claims the incoming auto-enrolment legislation has left smaller employers, with fewer than 1,000 staff, feeling ignored. JEB's research says 73% of respondents think small employers did not receive adequate representation over the impact of new legislation. Herbert says: "It ...