rdr to push financial advice away from consumers
Research from Deloitte shows distributors will have to work harder to get their products out to consumers who are being turned off financial advice as, from 1.1.2013, they have to pay for it.
Research from Deloitte shows distributors will have to work harder to get their products out to consumers who are being turned off financial advice as, from 1.1.2013, they have to pay for it.
It’s not a new debate, but it is one that has gathered pace again lately and one that is unlikely to go away until something definitive is decided upon. So who is saying what now and is it going to make a difference?
Fidelity has aligned the AMCs on its suite of multi-asset funds to 1.25%, taking the charge for its Multi Asset Defensive Fund up while the Multi Asset Growth Fund will see a fee cut.
Research from Lipper shows that annual fees rose during the lost decade for equities.
The AMC on Harry Nimmo’s SLI UK Smaller Companies fund will move to 1.60% in November.
Two surveys out today look separately at the issues of generating wealth and high executive pay.