Hornbuckle Mitchell RDR-ready with new adviser agreement

Sipp provider Hornbuckle Mitchell has announced it is fully RDR-ready ahead of the 31 December deadline. The sponsor of the Institute of Financial Planning has always worked on an adviser-charging basis but has now drafted a new facilitation agreement for advisers.This agreement will allow the payment of adviser charges where an adviser makes a material change to a client's pension scheme.Despite the changes Mary Stewart, sales and marketing director at Hornbuckle Mitchell, said the firm was operating as "business as usual".{desktop}{/desktop}{mobile}{/mobile}She said: "Hornbuckle Mitchell is pleased to announce it is RDR-compliant. We have always worked with financial advisers on an adviser charging basis, the new regulation will not significantly alter our existing practice and it is very much business as usual for us."However, in accordance with the changes, we have drafted a new facilitation agreement for advisers to give to their clients. If nothing happens to existing pension schemes, the current arrangement will still apply but if there is a material change, we will require the completion of new post-RDR facilitation agreement."We understand this is a tumultuous period for advisers and we are ready to support them in every way we can to ensure they continue to support their clients with the right products and service."• Want to receive a free weekly summary of the best news stories from our website? Just go to home page and submit your name and email address. If you are already logged in you will need to log out to see the e-newsletter sign up. You can then log in again.

Hornbuckle Mitchell RDR-ready with new adviser agreement

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