The RDR, in its current guise, will likely lead to both a drop in adviser numbers and product purchases, according to recently-formed lobby group Adviser Alliance. So it has put together its own, alternative, RDR...
Provide an incentive for advisers to seek out new clients and be rewarded: Commission is neither good nor bad. Consumers should have the choice of paying a fee or of working on a commission basis. Removing consumer choice is never a good thing and we believe that adults should be free to enter into whatever remuneration basis they mutually agree on. Commission historically enabled advisers to prospect for new clients. This is crucial because it is acknowledged that most consumers do not take these matters seriously and it is incumbent on the industry to locate these consumers and info...
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