One of the consequences of the FSA’s Retail Distribution Review appears to be pushing up the cost of accessing independent financial advice. 

RDR banned providers from paying commissions to IFAs on new investments made after 1 January 2013. To replace commission, advisers must now agree fees or adviser charges with their clients for their advice and services at rates typically around £200 per hour – whether or not any new product or investment is entered into.

This trend may lead to investors ‘going it alone’ and Retireeasy LifePlan is the only independent online tool that allows investors at or near retirement to review and plan their future financial wellbeing at a minimal cost. Sign up for your LifePlan today and enlighten your financial future.