Working out how much to charge

After what seems an interminable wait, the Retail Distribution Review is finally with us. The focus for many advisers during 2012 will have been ensuring they are suitably qualified for the new world. But they also need to consider how, and how much, to charge customers. So for those who have not done this before, how should a fee schedule be put together? Before we get into the detail we should recognise that this is a fundamentally different position for some advisers. Discussions about fees should happen at the beginning of the advice process, and this could lead to difficult conve...