Cost-based approach? The unintended consequences of RDR

The introduction of the UK’s Retail Distribution Review (RDR) is almost upon us, and readers of this website will now be in the final stages of preparing their clients for the new regime. With commission payments banned from 1 January 2013, it really is a brand new world for the industry – the biggest sea change in how advisers are compensated for a generation. It has been a long and sometimes challenging journey with a lot of work across the industry in order to prepare for January – but for most of us, the real work is yet to come! That’s simply because the actual impact of RDR r...