Customers must remain the focus 'amid RDR hype'

clock

Advisers must not lose sight of their clients' needs in the run-up to the Retail Distribution Review (RDR), AXA Wealth has said.

The group's head of specialist services, Gary Thomson, said ‘launch fever' has hit the market as the RDR deadline approaches. There is a lot of "noise" around subjects including adviser charging, VAT, cash rebates, independence, direct-to-consumer offers and asset consolidation opportunities. "Amidst all this noise it's really easy for advisers to get distracted and drawn into what is really operational detail. This ‘attraction to action' must be resisted at all costs," he said. "I'd really encourage advisers to find a quiet space and get back to basics. Who are my clients and what...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Adviser tips

Partner Insight: Can advisers help narrow the gender wealth gap?

Partner Insight: Can advisers help narrow the gender wealth gap?

There are plenty of ways the advice industry can help women on their financial journeys and alleviate some of the disadvantages of those gaps.

Sarka Halas
clock 18 December 2024 • 2 min read
Partner Insight: How to prepare your clients for the great wealth transfer

Partner Insight: How to prepare your clients for the great wealth transfer

Financial advisers are facing significant complexity in their planning for clients amid the generational wealth transfer that is coming.

Sarka Halas
clock 11 December 2024 • 2 min read
Partner Insight: How to talk to clients about approaching retirement

Partner Insight: How to talk to clients about approaching retirement

From how much clients should be saving towards retirement, to dipping into pension pot, tax implications and more, Lisa Conway-Hughes, chartered financial adviser at LCH Wealth answers our questions on retirement planning.

Sarka Halas
clock 05 December 2024 • 1 min read