TITLE

RDR sets out three-way split for advice

AUTHOR(S)
Blackmore, Nicole
PUB. DATE
June 2009
SOURCE
Money Marketing;6/25/2009, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the three-way splitting of the financial services industry into independent advice, restricted advice and no-advised sales as set by the retail distribution review (RDR). Trail commissions or 'ongoing charges' will only be allowed if an ongoing service to the client exists, and that factoring will be banned. Robert Reid, Syndaxi Chartered Financial Planners managing director, warned that clarity of advice labels may pose a major problem for multi-channel organizations.
ACCESSION #
43380873

 

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