Disclosure top RDR concern for advisers

Advisers are finding the rules around the disclosure of charges and services as the most challenging aspect of the Retail Distribution Review (RDR), a survey has suggested.

A poll of Standard Life's 80 adviser account managers found 44% thought disclosure was the top concern among the advisers they deal with. Meanwhile, client agreements, covering adviser charges and the cancelling and reclaim of adviser charges, was given by 36% of account managers as the biggest concern among advisers. Charging model themselves were cited by 20% as the main worry in the survey, conducted at the beginning of August. Graeme Bold, director UK Retail RDR at Standard Life, said: "Advisers must have a clear process in place to explain adviser charging to existing as well ...