In the latest in our series looking at coverage of the Retail Distribution Review (RDR) in the consumer media, we take a closer look at an article in the Daily Express.
The article doesn't quite get it right on adviser charging (it implies the customer receives free advice under a commission model), or on restricted advice (it suggests independent advisers must be able to advise on all financial products), but it does include helpful insight into the value of advice. There is an unhelpful passage about advisers having to take exams under the new rules; which, of course, isn't true of a great many number of intermediaries. It also says advisers will have to keep their knowledge up to date (via CPD), but neglects to state this isn't a new requirement. ...
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