The overly-prescriptive RDR resulted in some unintended consequences, including the advice gap. Tim Sargisson asks if a return to commission is the right move or a backwards step
A happy new year and I very much hope that 2016 proves to be a prosperous year for everyone reading this. And what an interesting year it promises to be, with little time to draw breath as we rattle from the old year into the new. 2016 is only a few days old but already the Financial Advice Market Review (FAMR) is gathering pace. It is interesting to read that an influential panel of experts, appointed by the government as part of the FAMR, is considering radical reforms to regulation which would roll back key aspects of the Retail Distribution Review (RDR) to enhance access to advice...
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