RDR is working, FCA declares

Scott Sinclair
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The Financial Conduct Authority (FCA) has declared the Retail Distribution Review (RDR), its "once in a generation" project to revamp the retail investment advice market, is working, though some concerns remain on the costs and labels of advisers' services.

The first stage of the post-implementation review of the RDR has shown it has reduced product bias and that advisers are offering investors an increasingly professional service tailored to their individual needs, the regulator claims. The results have been published alongside the third stage of a separate review of RDR's progress, which is examining its impact at the firm level. The initial results of the FCA's first post-implementation review, which is supported by research conducted by Europe Economics, found that the RDR has reduced product bias. In particular, it found there ha...

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