Fiona Murphy asks advisers and providers about the ‘unintended' consequences of RDR and how issues around suitability and provider systems are driving the market.
Six months into RDR, advisers have been saying that they have been experiencing unintended consequences of the reforms. Prudential head of business development Vince Smith- Hughes says: “Even though we’re over five months into RDR, there’s an awful lot of settling down and questions over how we move from the old world to the new world. And that particularly is one issue.” It’s clear from evidence in the market that advisers are starting to do things slightly differently to meet the new rules. Selectapension has been monitoring trends among advisers that use their platforms on a dai...
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