The Personal Finance Society, in conjunction with David Shelton, author of The Business of Advice, outlines the measures advisers should take for their firms to be RDR ready.
At this point, business owners and managers need to step back and think: “What does my business look like now and what changes do I need to make to compete and take advantage of the RDR opportunity?” So, what do businesses have to do and what pressures will that bring? For many businesses it will be more about fine tuning than radical change. But for others, 30 months actually is not enough time. Old style businesses with no formal service definition, reliance on initial commissions and low capital holdings will struggle to be match-fit for the RDR. So what will the new market, pos...
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