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The Citywire Money guide to the RDR savings revolution
The retail distribution review, or RDR, will herald a number of important reforms that will affect everyone saving for a pension or investing in an ISA.
by Gavin Lumsden on Nov 22, 2012 at 17:10Follow @FundFanatic
The Financial Services Authority, the City regulator, is introducing a package of important reforms at the end of 2012 which will affect everyone saving for a pension or investing in an ISA.
Read our guide to what the new rules mean for investors like you.
In the video below I explain how the changes in the 'retail distribution review' will:
- Abolish the payment of commission by financial product providers to financial advisers;
- This means financial advisers will work for you not the product provider;
- Financial advisers will have to pass higher qualifcations and behave more like other professionals;
- To call themselves 'independent' advisers will have to adviser on a wider range of investments;
- The shake-up in charges will make it easier for you to see where your money goes when you save and invest.
Read more on RDR
Find an RDR-ready financial adviser
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