Around 50% of products currently on the market will not allow advisers to meet their RDR requirements, according to new research from administrator Capita and consultancy AT8 Group.
While recent surveys show an ever increasing number of advisers are prepared for regulatory changes in 2012, it appears product providers may have some way to go to get their ranges in order. The new Capita RDR Readiness Indicator Profile (RIP) is based on analysis of 536 on and off platform products (292 off platform and 244 on platform). It analyses the support products provide for adviser remuneration requirements post-2012, based on the following key criteria: RDR sees the introduction of adviser charging and bans the use of commission. Adviser remuneration must be specif...
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