RDR forced adviser to up charges by 70%

Simon Kershaw, director of Wirral based Simon Kershaw Associates, said that RDR had forced him to up his charges, and that these pressures were likely to be being felt across the industry.  He said: "Many clients are being charged considerably more for the same work. In reality, these people are a lot worse off since RDR," he said.  "In the old days I would have charged 3% commission plus 0.5% for trail but now it's 4.5% plus 0.75 for administration. The difference is the result of the regulator and the perception of potential risk further down the track." He added: "In general, ad...