Hoban backs RDR move to fees - IFAonline
I can see where he is coming from.
But can he see where he is going to?
Yes there are problems with commission, there are also problems with fees, even if the advice was free there would be issues.
The RDR misses the target and the man with the crossbow is using a blindfold.
Top down regulation has failed, is failing and will forever fail.
Until what the consumer needs is the driving force behind regulation the efforts of Mr Hoban and his successors are doomed to failure, unfortunately it is society which pays the price for the failure of their elected representatives.
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