The Financial Services Authority (FSA) has admitted it still has plenty of work to do on educating the public on the Retail Distribution View (RDR), but said advisers will also have to play their part in explaining the changes to the market.
Until now, the regulator has only issued a two page leaflet on the issue, explaining the changes on professionalism, status and adviser charging. Speaking at a Defaqto RDR conference yesterday, Colin Wilcox, from the FSA's RDR implementation team, accepted there were concerns about communication levels, but said there was "a lot more coming" over the coming months. However, he also insisted advisers themselves had to play a role in explaining changes to members of the public, even pointing out it could become a marketing opportunity. "I think it's a joint effort quite frankly and i...
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