With just seven months to go until the implementation deadline, Prudential director of distribution change, Russell Warwick, returns to bust more common myths about the Retail Distribution Review...
Myth #1 "We won't be able to call our service 'independent' if we operate a panel of products" Advisers will still be able to operate using a panel of products and remain independent, as long as the panel of products are representative and regularly reviewed. It will be essential for advisers to be able to evidence how the panels have been developed against the standards for independent advice, and they must ensure that these are not constrained by any commercial agreements which could impact the adviser's ability to review and amend the panels. Where a more suitable solution for ...
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