RDR 'will drive consumers away'

Two-thirds of attendees at an RDR debate hosted by consultants Watson Wyatt said the Review will either have no impact or a negative effect on consumer uptake of financial services products. The results will concern the regulator, which has repeatedly outlined the RDR's main goals are to increase and improve access to unbiased financial advice in the UK. Additionally, almost 60% of the audience said they thought the cost of advice to consumers would increase as a result of implementing the RDR. "To many in the industry the FSA's feedback statement last November was a fudge, blurring t...