Lost in translation: the post-RDR world

As the biggest shake-up the retail investment industry has seen in decades, the Retail Distribution Review (RDR) is expected to have a profound impact on product providers, fund managers, financial advisers and, not least, consumers. The RDR represents a major regulatory initiative. It was born from an aim to remedy perceived problems in the industry that give rise to potential consumer detriment. As one of the most significant acts of its final months of life, the Financial Services Authority (FSA) has its reputation at stake here too. To assess whether the RDR was likely to have the...