Prudential has announced details of its products eligible for adviser charging - allowing IFAs to receive fees direct from the provider, rather than the client.
The company's annuities, pensions, and onshore and offshore bonds will all be eligible. Adviser charges will be agreed between advisers and their clients, and once instructions to apply them are received from the client, Prudential will implement them. Prudential said it would be adopting "a flexible approach" to facilitating adviser charging, with the client remaining in control throughout. Clients will have to instruct Prudential on the adviser charge it should facilitate for them - including whether to start, stop, increase or decrease any charges. Prudential will also act on...
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