Mark Loosmore on the RDR: Demonstrating value 18 months on

With transparency at the forefront, an increasing need to demonstrate value to clients, and charging rules changing, technology has never been more central.

clock • 3 min read

With transparency at the forefront, an increasing need to demonstrate value to clients, and charging rules changing, technology has never been more central to advisers' work, says IRESS executive general manager (wealth) Mark Loosmore.

Client engagement channels, charging structures and reporting have all undergone a seismic shift since the introduction of the Retail Distribution Review (RDR), and many firms have radically changed their propositions and approaches as a result. Technology has played a pivotal supporting role to this change. But RDR is far from being something to look back on. Instead, the impact of the regulation is clearly visible and the pace of change continues to accelerate. One of the knock on effects has been the wave of consolidations and mergers in the market. In the last six months alone,...

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 Technology

Mindset, talent, and culture: How to leverage disruptive technology for growth

Mindset, talent, and culture: How to leverage disruptive technology for growth

'As important as diverse talent, a collaborative culture is critical'

Sneha Shah
clock 29 November 2024 • 5 min read
AdvisoryAI unveils adviser app to support in-person meeting note taking

AdvisoryAI unveils adviser app to support in-person meeting note taking

Advisory AI’s app aims to eliminate manual note taking and transcribe

Isabel Baxter
clock 28 November 2024 • 1 min read
ZeroKey integrates with Iress' Xplan to eliminate manual data entry for advisers

ZeroKey integrates with Iress' Xplan to eliminate manual data entry for advisers

Gives financial advisers ‘even greater’ access to data

Isabel Baxter
clock 28 November 2024 • 2 min read