Advisers were inspiration for RDR - Mann

Peter Mann, chief development officer at Skandia, believes progressive advice firms were the driving force behind the changes now being implemented in the RDR. Speaking at the launch of AIFA's FFWD Online Business Transition Academy, Mann says the FSA was not responsible for the changes now facing the distribution sector. He believes the regulator merely moved to formalise them and define the rule of the playing field. "Long before the RDR, many IFAs were already moving towards becoming a more professional business with a sustainable income model," he says. "The RDR has simply for...