RDR

Platforms risk being undermined by a lack of transparency and must address some crucial questions if the RDR is to be effective, warns Novia.

Schroders' Richard Buxton believes the RDR could flush-out managers who simply track their index while charging hefty management fees.

The RDR could have the unintended consequence of "disenfranchising" the majority of consumers from financial advice and thereby undermine the proposal's main aim, Scottish Widows says.

Up to 40% of advisers could quit the industry because of the RDR, says an industry veteran.

The RDR could be detrimental to consumers both in terms of higher product charges and an increase in the cost of advice, warns the Tax Incentivised Savings Association(TISA).

Advisers may be forced to bear the cost of outsourcing structured product advice to third parties post RDR, following a damning FSA report into failings in the sector.

Aviva has challenged the FSA's proposed ban on provider factoring in its response to the latest RDR consultation. The insurer argues any move to ban factoring for regular premium business will damage the UK savings market.

Much has been said since the latest RDR consultation about the cost and time it will take for advisory business models to make the transition to accommodate adviser charging.

Packaged investment solutions can help IFAs meet their RDR responsibilities. Here, Mark Parry, director of strategic distribution at F&C Investments, explains how.

Dominant European bancassurers who hold "considerable" influence over the European Commission (EC) are continuing to lobby against RDR-style changes in Europe.