RDR is 'flawed' and ignores consumers-Navigant

The firm says the RDR fails to take a holistic view of the industry, snubbing mortgages, general insurance and banking connections, while considering only investment products. It also says the RDR uses old regulatory distinctions which can only add complications and confusion for consumers. “The model set out in this discussion paper not only breaks the financial services industry into too many parts, but it is also far too complicated and will only serve to muddy the waters for buyers of financial products,” Navigant Consulting life and pensions head Kenn Taylor says. Taylor hit out at ...