As soon as it was practical, I made sure all my own fund investments were migrated to a platform with "clean priced" fund units available (and even before that I'd been making use of a trail-commission rebating broker, although I wasn't as quick to get to that party as I could have been).
But it distresses me to have relatives with significant investments who seem to be completely unaware of RDR's reforms, or that funds they're paying 1.5% or more OCF to hold are now available for say 0.7-0.8%. You can talk to people about this stuff and the impact it has over decades-long savings timescales... but they seem to have a curious aversion to doing anything about it, especially anything likely to involve an awkward conversation with their nice "adviser".
My question is: as part of RDR's "endgame", is there some compulsion on the fund houses to actually phase out the high-charging fund unit types and migrate holders to the cheaper ones? If so, what's the timescales for that to happen? If not... what does change? I have an idea the payment of trail commissions was due to be phased out... but if the high-OCF units don't reduce their charges do the fund managers just pocket it?