Scottish Widows: no adviser charging on investment bond

Outlining its charging structures for RDR today, the provider said charging, in the form of withdrawals from the bond, would have an impact on the client's ability to maximise their 5% deferred tax allowance. Meanwhile, Scottish Widows will also roll out a new version of its Retirement Account from November, allowing fixed ongoing monetary charges in addition to the existing initial, fund based and ad-hoc advice charge. These ongoing charges can be paid in a fixed number of instalments or for the lifetime of the plan, monthly or yearly on the charging date, and on their own or in conj...