Question: What impact do you think the Retail Distribution Review (RDR) will have on financial advisers? What are the pros and cons?

Alasdair Buchanan is head of communications at Scottish Life With some relatively minor changes, the RDR should be very positive for IFAs. Its primary focus is to improve public confidence in the life and pensions industry - providers and advisers alike. That has to be a worthwhile objective. There are two main strands to this - improving professionalism and improving the way advisers are remunerated. Work on fleshing out the detail of the professionalism proposals is under way. It's essential that the key elements are established quickly and that support mechanisms are then develo...