Blog: Moving to the fee-only model

There seems to be no end of stats-based stories right now about the fee-only model. Needless to say, they are not rolling out the red carpet for it. Those who still question the merits of the Retail Distribution Review (RDR) are simply clutching at straws: the principles fit squarely with client needs in the 21st century and people fighting it should take a reality check, as the RDR is here to stay. Three years ago, we made the decision to shift to a fee-based model. It was a difficult and painful change, as we wanted clients to pay cash fees. We under-estimated the effect that the trans...