CFP UK (CISI) Practice Questions - CFP Certification (CISI) - Level 7 Diploma In Advanced Financial Planning Exam

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The Retail Distribution Review (RDR) introduced adviser charging in the UK. What was its principal effect on how advisers providing personal recommendations on retail investment products are paid?

Advisers must charge a fixed regulated fee set annually by the FCA Advisers can be paid only by adviser charges agreed with the client and must not accept commission from product providers Advisers may only be paid by the product provider, never by the client Advisers must waive all fees for vulnerable clients

Correct Answer:

Advisers can be paid only by adviser charges agreed with the client and must not accept commission from product providers

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