Pension advisers will find RMAR reporting far more demanding under RDR but this is where software can help, says Ann Dempster.
With RDR approaching, it is essential to get your client records correct as the need to work smarter is becoming ever more imperative. The words fees and commissions are being changed to the word remuneration and the industry's whole approach to remuneration has had to change. For adviser firms consulting on pensions, there are several new proposals for FSA reporting in Retail Mediation Activities Return (RMAR) / Gabriel returns post RDR. For a start there is the requirement to give the highest, lowest and typical first year's projected consultancy charges as a percentage of the first...
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