RDR ten years on: An advice industry changed for the better

'The end of the advice industry as we know it'

clock • 2 min read

Kevin Silvester takes stock of RDR ten years on from implementation and says while it was the end of the advice industry as we knew it, that wasn't such a bad thing...

When the Retail Distribution Review (RDR) came into effect ten years ago, it was described by some advisers as "the end of the industry as we know it". This rather sensationalist statement has, in many respects, proven to be correct - but perhaps not in the way it was intended. While the advice industry has changed markedly over the past decade, most of us would agree that it has changed for the better. And not just for the end client, but for advisers too. What many advisers perhaps didn't foresee was the extent to which RDR would boost the reputation of the financial advice indus...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes



Already a Professional Adviser member?


More on RDR


Deja vu: Are we heading back to the future on commission?

Marty, fire up the DeLorean

Tim Sargisson
clock 13 January 2016 • 3 min read

Blog: How can we shrink the advice gap?

The advice gap has been a popular topic since the Retail Distribution Review, but hasn't this gap always existed?

clock 02 November 2015 •

FCA: Concerns linger over adviser payments despite inducements ban

Regulator 'encouraged' by adviser firms' response but fears potential for bias remains in some firms

Scott Sinclair
clock 21 October 2015 •