AXA Wealth will put its platform at the centre of its business operation after the Retail Distribution Review (RDR) and is set to cut its pricing model significantly.
The issue of advising small pension pots is to be debated in the House of Lords on 27 November.
Providers have lost their primary means of competing with one another and are "starting to seem desperate" ahead of the Retail Distribution Review (RDR), Phil Billingham operations director of Perceptive Planning has said.
There is a danger that loss-making provider-owned networks will fall foul of the Financial Standard Authority's (FSA) rules on cross subsidsation, according to one network director.
AXA Wealth's long-term pension plan and onshore investment bond are Retail Distribution Review (RDR)-ready, offering advisers flexible charging options.
More than two fifths (41%) of advisers believe that one of the main challenges to their preparedness for the Retail Distribution Review (RDR) is communicating the changes to clients, according to research released today.
Morningstar has revealed how it intends to present past fund performance post-RDR, following the introduction of new ‘clean' share classes.