The way providers are managing the transition to the Retail Distribution Review (RDR) is making "our lives a nightmare", one adviser has said.
Carl Lamb, managing director of Almary Green said many providers his firm dealt with interpret the RDR rules in different ways, "making our lives a nightmare". He said: "Every day we receive new terms and condition from the providers we deal with. Trying to keep on top of this is extremely time consuming and is adding nothing of value to our clients or our bottom line. "Each new terms of business document that arrives on our doormat entails having to print off 60-70 pages of small print, analyse it and then incorporate it into our systems. "Each provider, fund, product and service ...
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