A new dawn: what has really changed since RDR?

All we hear are the big numbers: 4,600 fewer advisers; 10% of IFAs now offer a restricted service etc, etc… But what about the changes firms and individuals are seeing on a smaller scale as a result of the Retail Distribution Review (RDR)? Here, PA asked one paraplanner, one adviser, a single discretionary fund manager and a wrap platform to highlight the key shifts they’ve seen since 1 January… The paraplanner “Before RDR, fee charging was random and ad-hoc” Kim Bendall, senior paraplanner at The Paraplanners, says: “The RDR caused advisers to look at their existing service propo...