FSA publishes RDR guide
The Financial Services Authority (FSA) has published a guide to preparing for the retail distribution review (RDR), ten months before the reforms coming into place.
RDR: Is your firm on track? was published last week and contains tools to help IFA firms check they are becoming compliant and plan the rest of their transitions.
The guide is split into three areas: professionalism, covering qualifications; independent and restricted advice; and fees and business models.
Inside the guide are template action plans to help IFAs plan their compliance in these three areas.
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