Market views: Will consumers fear fees for protection post-RDR?

clock

Are you afraid that when the RDR arrives the public will perceive advisers as charging fees for all products and so not consider coming to you for protection advice?

Alan Lakey, Highclere Financial Services It’s a mad world out there and the RDR only serves to reinforce such a view. Do consumers differentiate between investment advice and protection advice? I think not, to them it is simply financial advice, thus the appellation ‘financial adviser’. Regulatory differentiation between products will assuredly create confusion and a reluctance to engage with the industry, something which should strike any innocent observer as bizarre because a reduction in consumer confusion is purportedly one of the main planks of the RDR proposition. Simplicity ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on RDR

RDR ten years on: An advice industry changed for the better
RDR

RDR ten years on: An advice industry changed for the better

'The end of the advice industry as we know it'

Kevin Silvester
clock 08 February 2023 • 2 min read
RDR

Deja vu: Are we heading back to the future on commission?

Marty, fire up the DeLorean

Tim Sargisson
clock 13 January 2016 • 3 min read
RDR

Blog: How can we shrink the advice gap?

The advice gap has been a popular topic since the Retail Distribution Review, but hasn't this gap always existed?

clock 02 November 2015 •