Providers split over benefits of RDR

While 50% of those surveyed said RDR was having a positive effect the remainder either disagreed or were unsure. Nearly a quarter (22%) said RDR will bring greater transparency around charges while 15% believe the changes will make for a healthier long term market. However, 33% of providers believe RDR will increase compliance overheads and reduce margins.  For instance 31.5% of providers see disclosure changes around key features illustrations and statutory money purchase illustrations as the most difficult changes to implement this year. In terms of costs, enabling real time i...