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Home > Regulation > Regulation Tracker > RDR

RDR

regulation keypoints

The FSA’s retail distribution review (RDR) was launched in June 2006 to tackle “many persistent problems”.

The retail distribution review resulted in rules dictating the level of qualifications that advisers must achieve, the way they explain their services and how they must be paid. The rules will come into force at the end of 2012.

These rules apply to all advisers in the retail investment market, regardless of the type of firm they work for.

To read the FSA’s description of the Retail Distribution Review click here.

  1. Published by FCA, 25 Oct 2013

    Rules for advisers accepting provider’s cash

    Financial Conduct Authority explains what kind of payments advisers can accept from providers.

    Final ruling: effective from 11 Sep 2013.

  2. Published by FCA, 25 Oct 2013

    Permitted cash rebates to retail clients

    The Financial Conduct Authority explains when provider can pay cash rebates to retail clients.

    Proposed: deadline for responses 06 Nov 2013.

  3. Published by FCA, 05 Jul 2013

    Ban on referral payments

    Less than eight months since the Retail Distribution Review rules came into force, the FCA is proposing amending referral payment rules and...

    Proposed: deadline for responses 04 Oct 2013.

  4. Published by FCA, 23 May 2013

    FCA bans cash rebates but concedes on units

    New regulator goes ahead with proposed ban on cash rebates, but allows unit rebates and cash rebates of less than a pound.

    Final ruling: effective from 26 Apr 2013.

  5. Published by FSA, 29 Jun 2012

    Banning of cash rebates on platforms

    Regulator will allow unit rebates and will give firms until December 2013 to implement relevant systems.

    Proposed: deadline for responses 27 Sep 2012.

  6. Published by FSA, 19 Jun 2012

    Final rules for independent and restricted advisers

    In providing independent advice, a firm should not be restricted by product provider and should also be able to objectively consider all types of...

    Final ruling: effective from 31 Dec 2012.

  7. Published by FSA, 04 Apr 2012

    Rules for switching client’s investments

    What advisers must consider when deciding whether to switch a client’s investment is outlined in a 26-page FSA consultation paper.

    Proposed: deadline for responses 04 May 2012.

  8. Published by FSA, 26 Mar 2012

    Facilitation of adviser charging

    How providers can pay adviser charges on behalf of the client is covered in an FSA policy statement.

    Final ruling: effective from 31 Dec 2012.

  9. Published by FSA, 16 Mar 2012

    Changes to training and competence sourcebook

    Amendments to qualification standards that advisers have to meet as part of the Retail Distribution Review (RDR) have been outlined.

    Amended: effective from .

  10. Published by FSA, 28 Feb 2012

    Legacy commission post-RDR

    Trail commission can continue to be paid post-2012 on the investment amount resulting from pre-Retail Distribution Review advice or a pre-RDR...

    Final ruling: effective from 31 Dec 2012.

  1. FSA ramps up RDR awareness drive with website push
    RDR News & Analysis| Dec 21, 2012

    FSA ramps up RDR awareness drive with website push

    Regulator shifts focus to financial advice, with articles on how the sector is changing and new RDR terminology.

  2. RDR fears fueled as study shows 80% ignorant of changes
    RDR News & Analysis| Dec 11, 2012

    RDR fears fueled as study shows 80% ignorant of changes

    Canada Life survey shows half of employees aged between 41-60 feel many will be reluctant to pay directly for advice.

  3. Stuck in an RDR time warp

    Stuck in an RDR time warp

    After five years and with just 52 days to go, one in six will apparently still miss the qualifications deadline.

  4. Failing exams does not make a good adviser bad

    Failing exams does not make a good adviser bad

    We are creeping ever nearer to 1 January 2013, ‘RDR’ day, the start of a new dawn for the IFA sector.

  5. Defaqto: Avoiding standardisation after RDR
    From Your Industry| Jul 30, 2012

    Defaqto: Avoiding standardisation after RDR

    Advisers must offer both satellite and core investments to meet RDR demands

  6. Ashley WassallonYour Industry| Jul 19, 2012

    Independent vs restricted: Who cares?

    Given the arcane nature of the redefined concept of independence, it is not surprising that clients seem to have little interest.

  7. Studies show consumers favour restricted chartered advisers
    From Your Industry| Jul 17, 2012

    Studies show consumers favour restricted chartered advisers

    Research from Skandia and CII shows preference for chartered irrespective of adviser’s status.

  8. Hal AustinonOpinion| Jul 12, 2012

    Silent running

    As the dark clouds gather over the banks and their involvement in the Libor scandal, mutuals are continuing quietly to do what they do best – serve...

  9. Avoiding RDR red herrings: Peter Craddock, Perspective
    InterviewfromYour Industry| Jul 06, 2012

    Avoiding RDR red herrings: Peter Craddock, Perspective

    Group operations director discusses why his firm might give up its independent status and how it might succeed in the corporate arena.

  10. Restricted referrals are no threat to real independence
    Ashley WassallonYour Industry| Jul 05, 2012

    Restricted referrals are no threat to real independence

    Spurious redefinition of independence should not force professionals to stop referring to trusted advisers.

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