IFA: RDR anomalies 'restrict choice and push up costs'

Chartered financial planner and director of Clayton Financial Planning, Rory Clayton, said the many ways in which providers are renumerating advisers since the introduction of the Retail Distribution Review (RDR) is causing problems.  He said: "Before you advise a client on any product, you must ascertain what the provider is doing with the product regarding ongoing commission - this research in itself costs money.  "For example, one of my clients wanted to increase his pension contributions - he has three pension policies. "The first provider never paid a premium commission, the s...