RDR in the news #2: 'dirty secrets' and 'thousands face ruin'

RDR IN THE NEWS

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In the second of a series tracking what the consumer press is communicating about the Retail Distribution Review (RDR), we look at what the Sunday Times told readers.

This series follows our round-up of what RDR-related material has appeared so far in the consumer media. You can read that HERE. Death of a salesman In its main piece on the RDR the paper went to town on the industry, explaining how the "rotten system of commissions" was being scrapped, bringing to a screeching halt the "gravy train" for independent financial advisers (IFAs). The piece proceeded to explain the changes, and why the Financial Services Authority (FSA) believed them to be necessary, including examples of how IFAs benefit from the current system. It also predicted tha...

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