The move could see the restricted advisers being charged at a different rate compared to their IFA peers.
The new package will run parallel to its existing independent advice model and is expected to be implemented in the second quarter of 2012.
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To those advisors who are uncertain about choosing an advice model, Axa Wealth has urged them to make a decision soon on the advice model and the services that they are going to offer to their clients.
Axa opines that advisers need to carefully evaluate on the type of service required by client post-RDR and also on how much clients value independence of the advisers.
Axa believes that independence of the advisers may have a higher cost base and resource implication than the restricted advice model.
David Thompson, managing director for marketing and distribution at Axa Wealth, said, "There is no doubt the RDR is going to change the landscape of financial advice. It will shift the focus away from ‘which product’ to ‘which service’, and the value of that service from a client’s perspective."
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