Now we know of at least one provider that intends to keep commissions it would otherwise have paid to now fee-charging advisers, we can legitimately ask the question: Should providers be the ones to profit from RDR?
Standard Life said its bumper first half profits were helped by lower commission costs as advisers switch to fees ahead of the RDR. "Our focus on those IFAs who are best placed to prosper in the new market environment we are entering....
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes