RDR

The Financial Services Authority (FSA) has warned adviser businesses they risk mis-selling to consumers, even with the abolition of commission, if they remunerate their staff based on the revenues they earn.

James Hay Partnership has notified advisers of its Retail Distribution Review (RDR) proposition ahead of its implementation in 2013.

RDR IN THE NEWS

HSBC Global Asset Management has launched an RDR-ready share class on its passive fund range.

Berry Asset Management has unveiled a lower cost investment proposition in preparation for the Retail Distribution Review (RDR).

BlackRock's ETF arm iShares plans to hire at least six people for its UK-based business to prepare for the Retail Distribution Review (RDR).

Standard Life has partnered with a number of trade bodies to launch a Retail Distribution Review (RDR) guide for advisers to help their clients understand the changes.

CONDENSED

The Financial Services Authority (FSA) has expressed concerns that vertically integrated firms may try to skirt around its adviser charging rules set to be introduced following the Retail Distribution Review (RDR).

Scottish Widows will not facilitate adviser charging on its Retail Distribution Review (RDR)-compliant onshore investment bond because of the potential tax detriment.