Providers unprepared for post-RDR adviser charging models

A survey by 1st Exchange & N4 and the Ideas Lab has assessed the current state of preparedness of life assurance companies and fund managers to cope with regulatory changes. It  found the most pressing areas they need to focus on are system changes, FSA guidance and the need to get to grips with adviser charging. Only half of the providers surveyed said they were prepared for all shapes and frequencies of adviser charging, with some assuming only limited options. Meanwhile, only 25% can cater to performance-related fees, with none giving the freedom to select a benchmark of the fir...