Three RDR loose ends that need tying

By now, most advisory businesses should have their Retail Distribution Review (RDR) ducks in a row; after all, the regulator has moved RDR from its policy to its supervision department. However, as is perhaps inevitable with large regulatory overhauls, a few loose ends remain. Here, we outline some of the key issues advisers say still require clarification. Commission ‘cut off’ Although commission on most advice will cease from 1 January 2013, the FSA has yet to set what some are calling a commission ‘drop dead’ date. This is the date on which commission can no longer be received re...