With the results of the FSA's Retail Distribution Review looming, Stephanie Spicer analyses the potential outcomes of the report and how vastly divergent the two main scenarios could prove to be.
There are two potential scenarios for the future of the financial services market. One is that there will be more advice for consumers and better access to products, and the other one will be that there will be fewer financial advisers to give advice and less consumers actually seeking any advice. Which scenario becomes a reality largely depends on the results of the Financial Services Authority's (FSA) Retail Distribution Review (RDR), which is proposing a re-structure of the financial advice market. Protection advisers could be forgiven for thinking that, as the RDR was looking at the s...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
