To give advice, or not

Dear Editor, The RDR is an excellent opportunity to create a totally transparent market place for consumers but without care it could prove to be a disaster. In responding to the FSA's consultation document some organisations have outlined proposals for various forms of guided sales or assisted purchase. Our view is that this will introduce complexity to the market and will ultimately fail. Instead, distribution in the retail financial market should be polarised into just two categories - advice and no advice - to bring clarity to the market. This will give consumers keen for some form ...