David Ferguson: RDR isn't only about advice

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Those of you with even a passing eye on the regulation of financial services will be more than aware of the major initiative currently under discussion and due to be implemented in 2012.

Actually this intro could apply to any one of three interventions that may change the face of the industry but this piece is not concerned with Solvency II or Personal Accounts, but rather with the Retail Distribution Review, the FSA's attempt to introduce more transparency and accountability into the advice process. Now while I generally laud the RDR and believe it has become a catalyst for positive change in the sector, I think that perhaps too much attention has been placed on the advice 'bit' and insufficient eyes have been on the impact for product providers. Not everyone is awar...

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