More than 30% say RDR review will benefit no one
New research from Paaleads.com, Moneysupermarket.com’s lead generation business, shows that 31% of its financial advisers say the proposed retail distribution review (RDR) will benefit no one.
The RDR was launched in June 2006 by the Financial Services Authority (FSA) with an aim improving customer experience when buying a financial services product.
In the survey, a third (34%) stated they believed that regulators and the financial authorities will be the main beneficiaries of the RDR. Only 13% said consumers will derive the most benefit while just 3% said they thought advisers would come off best.
When asked how prepared they were for the RDR, nearly two thirds (62%) expected to
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