What difference has RDR made to structures?

I wrote about the future of structured products and the impact of the Retail Distribution Review (RDR) on this site last August. Back then, the focus for structured product providers was on working with financial advisers to understand how they were going to charge their clients for advice. Now, a little over a month into the commission-free world, the dust is beginning to settle and the new environment for structures is taking shape. Removing commission from structured products is very straightforward and has two clear benefits. The first is that without commission, providers can eff...