The information contained within the following news articles have been pre published. The articles were published on the dates indicated and the information contained within these issues include references to taxation, legislation, regulation and other issues or concerns that may no longer apply
RDR – What it all means
The financial services sector is currently preparing for the implementation of the Retail Distribution Review (RDR) – one of the biggest overhauls of financial regulation since the Financial Services Act was introduced in 1986.
Its aim is to improve service levels and transparency and ensure the interests of financial advisers and their clients are in line. For the Financial Services Authority, the industry regulator, RDR is about establishing a “resilient, effective and attractive retail investment market that consumers can have confidence in and trust at a time when they need more help and advice than ever with their retirement and investment planning”.
You may have heard about the Retail Distribution Review (RDR) but do you know what it is all about? RDR sets out to ensure that, as the client of a financial adviser, you are offered a transparent and fair charging system for the advice you receive; are clear about the service you receive; and obtain advice from highly respected professionals. As things stand, all the changes required for RDR compliance will come into effect on 31 December 2012 and will apply to every adviser across the retail investment market, including independent financial advisers, wealth managers and stockbrokers as well as banks and other providers of financial products