John Ruddick, director of IFA services at Personal Touch, gives a snapshot of how the firm is preparing for 2012 and beyond.
Putting into practice the recommendations of the retail distribution review (RDR) will involve a major shift in both attitude and working practices across the advisory landscape. While most IFAs recognise the importance and benefits of its aims to increase clarity, reduce the customer risks involved with commission-based sales and improve professional standards, it can be difficult to establish what precisely needs to be done to achieve these aims and satisfy clients and the regulator. As part of the RDR, the FSA has placed great emphasis on reaching a higher level of ongoing service pr...
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