Openwork's Martin Davis: In a state of Flux

The RDR, still a work in progress but nevertheless an unambiguous signal of the regulator's directional intent, envisages a radical restructuring of the provision of advice to UK consumers, and as such has major ramifications for advisers and distribution companies. For Openwork, regulatory change presents a fantastic opportunity. Some advisers may remain as they are under the RDR, but many will not; and both camps will require significant compliance and administrative support going forward. Our aim is to ensure Openwork is in a position to provide it, and in all areas, by segmenting it...