The implementation of the RDR, in consultation until 30 October, will impact on protection, both through the providers and directly on IFAs. Stephen Gay, director of distribution development at Aviva Life, Robert Kerr, head of distribution development at Scottish Widows and Danny Wynn, RDR and commercial director at Legal & General, outline their views to Mark Colegate of Asset TV.
Can product providers get their systems up and running on time to cope with adviser charging in 2012? Stephen Gay: In a word, yes. I am conscious there was a lot of noise in the trade press during the Spring asking whether providers could do it. The reality is that there is a lot of change, but it is possible within the timescale and we will make it happen. How much resource are you throwing at it? Stephen Gay: Well, all of the products that we want to market in 2013 are going to have to be compliant. That means sort of a root and branch look at all the propositions and all of ...
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