The divorcing of product and adviser charges must not result in higher overall costs for the consumer, warns Skandia.
The disclosure requirements proposed for restricted advice in the latest RDR consultation paper need to go further and require firms to use a mandatory form of words in their initial disclosure information, says Skandia.
Bankhall‘s commercial director, Shaun Godfrey, is to leave the company in October to pursue, what he says, are other business interests, full details of which will be announced in due course.