Billingham: advisers want the RDR in Jo'burg, Bangkok and Delhi

Billingham, who has been travelling the globe consulting on regulatory change in financial services with the venture he set up last June - the Phil Billingham Partnership -, said the rest of the world is learning from the successes and the mistakes of the UK's RDR in implementing changes to their own systems. "The rest of the world is saying: 'we want higher qualifications for our advisers and to get rid of commission, but we don't want to drive financial advice upmarket only'," he said. "From South Africa to Ireland to Thailand to India, regulators are in the business of turning fina...