Many financial advisers are still swerving questions about fees one year after the implementation of the Retail Distribution Review (RDR), according to an investigation by consumer group Which?
The Financial Conduct Authority (FCA) is looking at bringing back reporting on a cash-basis for advisory firms in their Retail Mediation Activities Returns (RMAR), its head of savings, investments and distribution said today.
The vast majority of advisers are operating percentage-based charging structures, a poll of more than 1,000 practitioners suggests.
The Personal Finance Society (PFS) will lead its regional conference programme on adviser charging.
Some 80% of small adviser firms are not VAT registered according to a report released today.