I had to smile when I heard from a product provider last week that some advisers are struggling with a few basic elements of RDR.
One advisory firm apparently submitted client applications with the ‘adviser charging’ section crossed out and replaced with the words ‘3% commission’. A member of the admin team picked up the ‘mistake’...
Our video series continues
Historic levels of M&A
Brent Crude fell 0.8% to $53.51 a barrel
Largest firms applying fee caps
Revised from 0.3% to 0.2%