Are you afraid that when the RDR arrives the public will perceive advisers as charging fees for all products and so not consider coming to you for protection advice?
Alan Lakey, Highclere Financial Services It’s a mad world out there and the RDR only serves to reinforce such a view. Do consumers differentiate between investment advice and protection advice? I think not, to them it is simply financial advice, thus the appellation ‘financial adviser’. Regulatory differentiation between products will assuredly create confusion and a reluctance to engage with the industry, something which should strike any innocent observer as bizarre because a reduction in consumer confusion is purportedly one of the main planks of the RDR proposition. Simplicity ...
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