RDR redefines independent' adviser label

Salih, Chris
July 2009
Money Marketing;7/2/2009, p9
The article reports on the revision of the RDR consultation paper, wherein the financial sector was divided into independent advice, restricted advice and non-advised sales in 2009 in Great Britain. According to the paper, single- and multi-tied advisers will be included in restricted advice. The paper also cites that financial companies, including wealth managers must not limit their advice to products such as distributor-influenced funds.


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