RDR: A mixed report card

The suggested ban on factoring and the blanket application of higher qualifications and adviser charging to simplified advice models were of particular concern. Prudential UK - Andy Curran, intermediated distribution director "We remain concerned the proposals are insufficient to broaden access to advice for consumers and, at a time when we need more rather than less advice, the term ‘restricted' may send out a negative and unintended message to consumers. The provider community needs to get behind IFAs at this time to support them through the changes required and at the same time enc...