About 8% of clients on the Skandia platform are signed up for adviser charging ahead of the provider's 18 December launch of its Retail Distribution Review (RDR)-ready charging model.
It is understood that 30,000 out of the 370,000 clients on the platform have chosen the option, designed to eliminate the possibility of commission bias. The figure only relates to pre-registered clients, and the platform expects number to increase significantly on 18 December. But it opens the possibility that the majority will opt to pay their advisers directly. A spokesperson for Skandia said the decision was "up to IFAs" if and when they decided to opt for adviser charging. "What we did was gave advisers the forms to fill, and pre-register their clients for adviser charging whe...
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