Percentage-based charging model under pressure, experts say
lang cat and Schroders speak about PROD
Schroders UK intermediary solutions director Gillian Hepburn says advisers' ongoing fee model is under increased pressure.
The advice industry could see a seismic shift in the way it charges clients as a result of recent regulatory requirements, moving away from purely percentage-based to fixed or hybrid models, industry experts say.
Speaking at a Schroders breakfast this morning, lang cat consulting director Mike Barrett noted the emphasis on fee structures was implicit in yesterday's Dear CEO letter, which would put pressure on advisers...
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