Analysis: is your business RDR ready?

A whopping one-third of advisers still say they aren’t ready for the Retail Distribution Review (RDR), according to the latest Aviva RDR readiness barometer. But these results may not be as conclusive as they seem. As owner of CEI compliance, Lee Werrell, points out, ‘RDR readiness’ could refer to two very different situations. One adviser might have achieved the most basic criteria for operation under RDR (a statement of professional standing (SPS) and a fee-based client proposition), while a second might have completely remodelled their business to function at its very best within the ...