Tackling the RDR grey areas

One talks about transparency in IFAs charging fees and the other talks about transparency in wrap providers. It seems very clear that both things need to be linked. A key concern I have is that there is a real conflict of interest and risk in wrap providers offering shares in their services. There are two reasons for this. First, the clients themselves may not know – it may be hidden in the small print. Secondly, the registered individuals may not even know that the owner of the business is collecting shares on their behalf. It needs to be asked, what values do those shares have now and...