Automating RDR: what back office providers can do for your business

IFAs may not traditionally be the most tech-savvy professionals. But if they want to keep up with new legislation, this will have to change. Following the implementation of the Retail Distribution Review (RDR), there will be more complicated reporting requirements in the form of the Retail Mediation Activities Return [RMAR], new payment structures and a push to develop and enhance business propositions. In short, advisers will be looking for more from their back-office systems. Some software providers argue that the complexity involved in new reporting requirements has been underestim...