Data management will play a crucial role in ensuring advisers are RDR ready.
Certainly, the need for greater data transparency and access to client information may, in the future, require advisers to submit all transactional activity to the FSA or an equivalent organisation and client reviews will move further into focus. This could put greater pressure on advisers to allow clients access to their portfolios and to view past performance, as well as other documents held by advisers. These requirements can only be met by being able to efficiently manage company and client data. CRM tools are at the heart of the RDR and need to be spring-cleaned in preparation for 2...
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