While I agree that there is a risk of long-term unsuitability for investors who placed money into funds pre-RDR, I would hope that the shift to ongoing adviser charging and the requirement to justify those charges through a regular review, coupled with improved performance visibility through wrap/platform, will mean that clients will not be in the dark about investment performance.
Given this fundamental shift in business practice – among the bulk of the IFA community at least – surely there should be some recognition by the regulator that the industry is now working hard to fix the problems of yesteryear.
Andrew Whiteley
Managing director,
Provisio Chartered Financial Planners,
Cambridgeshire
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