Funds face a charging structure overhaul on back of FSA's RDR proposals

Fund groups would face a complete overhaul of charging structures and a growing admin burden under t...

Fund groups would face a complete overhaul of charging structures and a growing admin burden under the FSA's Retail Distribution Review proposals. The regulator published an interim report on the RDR last week, highlighting its thinking after months of feedback ahead of final recommendations later this year. As part of this, the authority is considering stopping product providers having any involvement in setting adviser remuneration. It hopes this will remove potential for bias in advisers' product recommendations to clients. In order to reduce conflicts of interest, the FSA sugges...