HM Revenue and Customs (HMRC) is to rewrite its retail distribution review (RDR) consultancy charging guidelines, reports Employee Benefits’ sister publication, Money Marketing.
Under the retail distribution review (RDR), after 1 January 2013, all independent financial advisers and employee benefits consultants will be remunerated on a fees rather than a commission basis.
A spokesperson from HMRC said: “The guidance is being updated and will be published in due course.”
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