Low-charging advisers 'face income gap post RDR'
Almost a quarter of UK advisers who charge £100 or less for their services face a 40% drop in income from 1 January next year as rules outlawing the payment of commissions to advisers come into force, research suggests.
Some 23.5% of advisers in this bracket derive an average of 41.7% of their income from initial commissions on saving and investment products. The same group only receive 30% of their income from fees....
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