adviser charging

ADVISER CHARGING

Avisers can sign customers up to adviser charging (AC) via the Skandia Investment Solutions platform from today.

CHARGING

A week after Standard Life said it would not add an adviser charging facility to some legacy products, one adviser argues that not doing so could lead to an increase in transfers following the Retail Distribution Review (RDR).

Investec Asset Management is the latest group to launch a range of clean share classes ahead of the year-end RDR deadline.

SWIP has joined the growing number of asset managers offering RDR-ready share classes by launching a lower-cost share class for its £38m Diversified Assets fund.

A chartered financial planner claims to have found evidence of attempts to maximise commission by both bank advisers and IFAs ahead of the RDR.

Prudential has announced details of its products eligible for adviser charging - allowing IFAs to receive fees direct from the provider, rather than the client.

HSBC has confirmed it is to close its tied advice service, with the loss of about 600 jobs, as the bank prepares for life post Retail Distribution Review (RDR).

Most IFA clients are supportive of the incoming adviser charging regime, research suggests.