L&G has unveiled its plans for adviser charging post-RDR, which include facilitated adviser charging and the removal of commission.
The group said today its range of investment and pensions products, both new and legacy, will be RDR compliant, with any new products launched without any commission attached. It added facilitated adviser charging (FAC) will apply across a core product range for new investments including Select Portfolio Bond, International Portfolio Bond, Suffolk Life SIPPs, Annuities (Pensions and With Profits), Cofunds Pension Account, Unit Trusts, and With Profits Bonds. Trail commission will be paid on existing products that continue unchanged after 2012. Jamie Vale, director, business develop...
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