RDR Policy: FSA to test IFAs' 'preparedness' for RDR

It also wants to catch firms at greatest risk of exploiting the transition to a post-RDR world, for example advisers holding themselves out as independent but transactions are through a limited number of product providers. This could also include firms increasing their amount of non-advised business (at the moment, not subject to adviser charging) as a way of circumventing the RDR requirements. The FSA says it remains committed to monitoring Product Sales Data (PSD) for provider firms to identify trends (e.g. increased sales of high commission products). "Through our conduct toolki...