Video explaining the Retail Distribution Review
Posted by: Swindells FP, on October 19, 2012.
Following our recently published Guide to Changes in Financial Services, Swindells Financial Planning of Seaford and Uckfield, Sussex brings you a video produced by The Lolly that provides further explanation on these changes and how they effect you, the investor. It should be noted however that financial advice was never “free”. The financial advice you may have received in the past would have probably been funded by commissions that detracted from returns you could have received.
Here at Swindells Financial Planning our independent financial and investment advice (IFA) has always been on a fee charging basis and commissions only taken where this was disclosed and discussed with our clients and deemed in their best interest.
We fully suport these changes to the industry. Why? Because we believe the old way was detrimental to investors and skewed in the advisers favour.