Steve Martin: How I'm preparing for the RDR

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Steve Martin, managing director of Smart Financial Planning, reveals the steps he has taken to ready his business for the new regulatory environment.

I have been a big fan of the RDR since it was first announced: what is not to like? Better qualified advisers, better capitalised firms and a more transparent interaction with clients, what right-minded individual could object? On a personal level, I had been embracing the principles of the RDR before it even existed. I did this not because I had the inside track on the FSA’s thinking but simply because it was good business. My clients respected the transparency about cost and expected me to be qualified to the standard that they understood and a business needs more than £10,000 in ca...

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