Standard Life launches client RDR guide

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Standard Life has partnered with a number of trade bodies to launch a Retail Distribution Review (RDR) guide for advisers to help their clients understand the changes.

The new approach to financial advice outlines how financial advice has been evolving, the rule changes and what they mean for the customer, endorsed by comparison website unbiased, along with the Institute of Financial Planning (IFP) and the Personal Finance Society (PFS). It also illustrates a six-step advice process from initial contact to the review plan, detailing all the activity which goes on behind the scenes as well as what the customer sees, as well as five questions to ask an adviser. Dave McGovern, Standard Life head of retail marketing, said there was a discrepancy between...

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