RDR Update

This editor's summary of the direction of the retail distribution review is well worth a read - even if you could not give a fig what the British choose, its the debate about the principles which is interesting. Link.

This response to one of the proposals - that advisers charge fees only - from Ernst & Young is also worth considering. undoubtedly we will again hear calls that fee only is the only true way advisers can be rewarded. Link.

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