Fidelity is launching an optional Adviser On-going Fee service in line with the RDR's proposal to move to a fee-based model with customer agreed remuneration.
Advisers will agree with the client an on-going fee which can cover selected products or their entire portfolio, This will be instead of their remuneration being driven by the level of on-going commission...
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch
To drive progress