RDR only helping wealthy customers - Thoresen

Speaking today, chief executive Otto Thoresen says the Government and the FSA need to do more to widen access to advice as part of their reform of UK regulation. He says the current shape of the RDR could result in a smaller financial services market, with financial advice, long-term savings and protection only available to the well off. "The Retail Distribution Review should be commended for what it does for the 'haves' but it has little to say about access to the market for the 'have nots' or the 'could haves'," Thoresen explains. ""Some might say financial capability and financial ...