The legacy assets ‘sunset clause' arriving in April 2016 may seem a long way off, but failing to plan and implement change now could pose serious problems, as The Timebank's Damian Davies explains.
Following the Retail Distribution Review (RDR), everyone is happy - deliriously happy; clients are happily paying to be driven to floods of tears as advisers probe their inner objectives and give their clients a new kidney each year as part of their service proposition (that was the intended outcome, wasn't it?). But there is a problem looming malevolently on the horizon, like the dark cloud of Mordor. However you conduct your business, be it pure out-and-out planning, transactional problem solving or ‘restricted' distribution, legacy assets are a problem. Even if you have engaged ...
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