RDR Compliance Support
Operating in a post RDR world
We are entering a period of significant change which affects every part of the financial services industry and will have a profound impression on the shape of the financial services landscape both pre and post RDR implementation. Our aim is to help you identify both the challenges and the opportunities to ensure that you and your business are better placed to succeed.
Background
Launched in June 2006 by the FSA, the Retail Distribution Review will have a wide ranging impact on our industry, what types of advice we are authorised to give, how we are remunerated, our professional standards and overall how we treat our customers and run our businesses.
The main aims of RDR are:
- Give consumers more clarity about advice services
- Address the potential for remuneration bias
- Increase professional standards for advisers
How we can help get you RDR ready
At our RDR consultation meeting with you we'll explain the implications of RDR and how to prepare your business for the 2012 deadline. We'll guide you on the steps that you need to take now to get your business operating compliantly post RDR.
We'll advise you in the following areas:
- Qualifications - full qualifications audit of every adviser and help with assessing the best study route and study plan
- Business model - guidance on moving to a fee based business structure and a standard way to regularly review your clients needs
- Capital adequacy - clarification of your capital adequacy requirements and setting of an implementation timetable
To find out how we can help you get RDR ready call us to speak to our sales consultant.
