A month to remember

Headlines over the past few weeks have been dominated by the publication of the RDR CP09/18 - a hugely welcome piece of work which should change the face of financial advice in the UK forever. Alongside these regulatory changes broadly aimed at introducing greater transparency into the adviser/client relationship, Cofunds' bid to secure more attractive terms for distributing funds has been a long time coming and highlights the deep strategic flaw in the business model of fund supermarkets. For all the (justified) talk about adviser remuneration, where is the debate on the remuneration...