RDR threatened by provider supervision of advisers

They argue a provider role in adviser supervision could encourage bias in the industry; a situation the RDR is designed to stamp out. A raft of papers from the regulator suggest providers should take part in the monitoring of advisers' charges, as well as other aspects of the business they submit. This includes section 4.20 in the latest RDR consultation paper, which proposes providers monitor adviser charging and be granted the power to decline, or alert the FSA, in cases of "extreme" charging. The Association of IFAs (AIFA) has already raised its objections with the FSA, and seve...