fund groups blocked from falsifying perf figs
Morningstar has taken the lead on resolving another ‘unintended consequence’ of RDR, one that you may or may not have considered.
RDR
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IFAs outline preferences
Charging clients a percentage of assets held is the preferred route to post-RDR remuneration, rather than being paid a fixed fee or on an hourly-rate basis, according to the latest survey of IFAs.
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im in the advice gap convince me to climb out
It’s already been quite a week for research looking at the likely ‘advice gap’ that will be created by RDR and it seems the public is still reluctant to accept paying a fee to advisers.
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most not willing to pay for advice blackrock finds
The majority of UK consumers are unwilling to pay for financial advice despite a general sense of pessimism clouding their investment decisions, research by BlackRock has found.
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tough choices will see lean firms flourish rdr
In the boom times financial services firms seemed to think offering a one-stop shop to fulfil a client’s every need was the best way to ensure a steady flow of customers and thus a constant stream of revenue.
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Wells Fargo AM launches RDR-ready share classes
Wells Fargo Asset Management has launched a ‘Z’ share class for 11 sub-funds of its Luxembourg-domiciled Wells Fargo Worldwide Fund in preparation for RDR.
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deloitte rdr could create advice orphans
Up to 5.5m people could drop into the financial advice gap following the implementation of RDR, according to research by Deloitte.
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advisers go beyond rdr call of duty
More than three-quarters of CISI members have chosen to take and pass level 6 or 7 qualifications ahead of RDR, rather than stick to the minimum level 4 requirement.
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scaremongering on rdr fee changes is no help
Do they not get it? RDR is happening, and it is happening soon. Yet day after day product providers, research firms and any Tom, Dick or Harry who thinks he is worth his salt sends out a “survey” or “report” full of scaremongering statistics on its impact.
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barclays offers spectrum of clean fee
Barclays has revealed plans for its RDR-ready share classes to be launched ahead of 31 December across its multi-asset passive and active solutions, single asset funds and within its discretionary offerings via platforms.
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pa analysis greater transparency lower cost
With RDR weeks away, the emphasis for change is far too heavily focused on lowering costs rather than anything related to offering improved, more transparent product and advisory propositions.
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third of advisers offer reduced service
The £50,000 barrier to financial advice has been restated by the adviser community, with 60% claiming it will not be profitable to service clients with less than £50k in investable assets post-RDR and 36% planning to reduce their service levels to such clients.
