A shared approach to Adviser Charging and Consultancy Charging
The regulatory changes arising from the Retail Distribution Review (RDR) will take effect from 31st December 2012. Most of the regulations and rules have now appeared in policy statements from the FSA; however the challenge is now how, in particular, Adviser Charging and Consultancy Charging will operate in practice.
To help the industry understand the potential processes and issues, Prudential has worked with Deloitte and five other leading product providers to develop a guidance document: A shared approach to Adviser Charging and Consultancy Charging.
This document does not restrict providers in how they facilitate Adviser Charging or Consultancy Charging - different providers may choose different options for different products - however this approach is likely to be helpful for product providers and financial advisers in understanding the practical requirements and the likely core processes which are likely to be adopted across the industry.
You can download the document here: A shared approach to Adviser Charging and Consultancy Charging.
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