RDR re-cap: What you need to know

Here, IFAonline revisits the major proposals in last June's consultation paper 'Distribution of retail investments: Delivering the RDR'. Today's Policy Statement will set out the regulator's rules on the following: Describing your service Independent advice: for use only when recommendations are based on a fair and comprehensive analysis of the market, and where advice is unbiased and unrestricted. Restricted advice: when a firm can only give advice on certain parts of the market, such as its own range of products, which must be made clear to the customer. The professionalism pro...