Consultancy charging always looked badly designed but there has been a lack of contingency planning to put an alternative in place.
Regulators have made their dislike of consultancy charging clear but the fact we are still waiting for official guidance on the subject is a disgrace.
The regulatory framework needs to be properly overhauled to ensure that it does what it needs to and those that benefit from it or cause the greatest strain should pay.
The decision to rename absolute return funds as targeted absolute return will do nothing to help consumer understanding.
From bank charges to investment analysis tools, the industry needs more transparency.
The debate over the regulation of trust-based DC schemes has more than a hint of vested interest.