Openwork begins transition to fee-charging

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Openwork has begun a pilot programme to start its transition to a fee charging, RDR-compliant model.

The network is initially working with 15 advisers, ranging from large firms to sole traders, and will then expand the pilot to 50 advisers before rolling out the programme to the entire network later this year. The pilot will involve the implementation of new business models, service propositions and charging structures required to meet RDR demands and will be conducted through a combination of field-based support and workplace consultancy. Phil Mogford, programme director at Openwork, said: "The pilot trial is a major milestone in our programme to help advisers make the move to fee-c...

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