Adviser calls for insurance RDR read-across

Peter Chadborn, of adviser firm CBK, says protection is often seen as the "poor relation" in financial planning because it is "judged by different standards" to investments advice. He argues the RDR, which relates solely to retail investments, represents an immediate opportunity to bring protection advice in line with the rest of the industry. Most advisers fear a read-across could spell the end for protection, arguing there is "no chance" cover could be sold widely on a fee basis. The FSA says it is in the process of assessing the implications of the RDR in the pure protection market...