Fee aversion post-RDR will drive provider D2C shift - Deloitte

Research from the firm has revealed 32% of consumers will handle their own financial planning after the change in legislation to avoid paying fees. More than a quarter (27%) of the 2,000 people surveyed said they would go direct to the product provider after making their own product choices. However, only 31% of the representative sample are confident they are capable of picking the right financial products. Andrew Power, lead RDR partner at Deloitte, said: "This poses a big challenge for banks, insurers and fund managers and they will have to rethink how they deal directly with c...