Has the regulator achieved what it set out to do with the Retail Distribution Review? Nick Blake, head of retail at Vanguard Asset Management, argues it is too early to call.
If you read the adviser press and blogs, you have probably noticed a large number of comments calling the result of the Retail Distribution Review (RDR) already, less than a year into its young life. However, considering RDR was seven years in the making, calling the result at this early stage is perhaps a bit premature. It is a process of cultural change running through the industry, which I believe is generating a deep alignment of interests that goes beyond regulation, for the ultimate benefit of clients and investors. I will not rehash the entirety of the journey to RDR but would ...
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