Billingham: desperate providers will be in 'lonely place' post-RDR

Billingham told IFAonline that contrary to widespread belief, he thought that advisers will be the group to benefit from the RDR while product providers would end up in a "lonely place". He said: "I believe that RDR will cause problems for providers. It has taken away the only means by which they can viably compete with one another, and they are starting to seem desperate. "The fact is they can no longer buy business from advisers by offering commission." Billingham explained that he had a pushy call from one well known provider earlier this week, in which the caller asked if the c...