Brewin offsets shift in rules

 
Michael Bow
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WEALTH manager Brewin Dolphin yesterday said higher fee income helped cushion the negative impact of retail distribution review (RDR) rule changes last quarter.

Trail commission – which RDR banned in January – and other income fell 33 per cent at the firm for the quarter ending June.

But a 27 increase in core income from commissions and fees helped deliver an overall increase in total income to £73m, from £65m. Quarterly revenues rose 14 per cent.