You cannot afford to fail the Panorama test

The platform paper is only a part of the total RDR; it is important that ultimately the whole thing hangs together consistently and meets objectives. A good test is the Panorama test. In “Who’s taken my pension?” (which was about asset management, rather than pensions), rebates were referred to as kick-backs. The industry spokeswoman said that agreements between fund managers and product providers are confidential. The Panorama presenter replied, “What have you got to hide?” Checkmate! You cannot give Panorama the opportunity to crucify the industry with so much ease again after your ...