RDR debate rages on three years after Gleneagles

Comments from former FSA consultant Richard Hobbs last week, in which he said the review, in its current guise, will not help consumers, sparked an intense debate on IFAonline. Hobbs said the RDR would force consumers to partake in fee negotiation and additional responsibilities, and yet still be hit with a large bill at the end. He argued the changes were more likely to work against consumers, and turn them away from financial services. IFAonline readers remain divided on whether Hobbs is right, with Informed Choice chief executive Nick Bamford particularly critical of his view. ...