Mark Palmer, director of products and marketing at Invu, reveals how advisers can reduce costs, automate RDR compliance and, critically, improve competitive position by using effective data storage.
While RDR will not be implemented until January 2013, both providers and financial advisers need to give serious thought to the implications of the changing regulatory climate. This new regulatory model is designed to improve confidence and trust in the financial services market with greater transparency to support the new fee based approach. And, at the heart of RDR is good client information: IFAs need not only to record and store all client information, including growing volumes of email based information, in an efficient manner but, critically, be able to rapidly search all those ...
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
