The Retail Distribution Review (RDR) heralds a fundamental change for firms in the retail investment market. The scale of change
required and
impending deadline signal that this should be a priority for your firm’s senior management
now.
Key RDR changes relate to:
- Commission ban for all advised business
- Level 4 qualification requirements
- Definitions of advice type
- Increased capital adequacy requirements.
Firms' attention should be focused on:
- Advice model
- Transition from commission to fee income
- Advisers qualification requirements
- Revenue streams
- Sales culture
- Risk profiling analysis.
With professional experience within IFAs and the regulator, our team will ensure your firm’s standards,
culture and processes are aligned with industry best practice and regulatory expectations.
