Chris Read looks at changes in the disclosure landscape in the run-up to RDR with a focus on adviser charging, and asks the question: Is this all moving fast enough to get systems in place to automate these changes?
As long ago as February 2011, the FSA published its consultation paper CP11/09. This encapsulated the changes needed in retail investments product disclosure to reflect Retail Distribution Review (RDR) adviser charging and to improve pension scheme disclosure. Consultation on this closed in May. CP11/09 was followed in August by a Policy Statement PS11/09 linked to CP10/29, which is focused on implementing RDR within platforms and nominee-related services. Recent submission of feedback in PS11/14 has provided an update in thinking, which we summarise in an addendum to this article. It...
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