RDR milestone reached

Consumers buying financial services may benefit from more transparent business practices, following the FSA's publication of its Retail Distribution Review (RDR) feedback statement. The FSA said the proposals will "reform the investment market" and establish a new level of confidence and trust for consumers through a number of measures such as having clear distinctions between independent and sales advice; setting minimum qualifications for different types of advice and establishing a professional standards board; requiring independent advisers to agree remuneration with customers before ...