'Adviser-charging could wipe out IFAs'

Blackmore, Nicole
July 2009
Money Marketing;7/23/2009, p3
The article reports on the move of the Financial Service Authority (FSA) in Great Britain in implementing financial adviser-charging regulation through its retail distribution review (RDR) in 2009. Financial planning firm Red House director Gareth Marr stressed that many huge business networks will be affected by FSA's regulation because of the cost of converting their commission-based business models to adviser-charging. He adds that the companies will be affected by the restructuring process.


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