Vanguard backs Dutch ban on commission payments

Proposals by Dutch Finance Minister, Jeroen Dijjsselbloem, to ban commission payments on asset management products is expected to come into force in January 2014. Nick Blake, Head of Retail - Europe at Vanguard Asset Management welcomed the RDR style proposals as a step in the right direction for consumers.   "Vanguard is a vocal proponent of the Retail Distribution Review (RDR) in the United Kingdom. For similar reasons we strongly support the Dutch proposals as they will increase product competition, transparency on costs and investor choice.” Blake believes the proposals are also ...