Retail Distribution Review  

Adviser charging is a key feature of the RDR

This article is part of
Guide to Adviser charging

“Adviser charging specifically was put in place to move the industry away from the idea of selling to that of ongoing financial advice,” adds Mr Lewis. 

Ms Harle explains: "The RDR, was launched by the Financial Services Authority (FSA) in 2006. It was a once in a generation change, designed to make retail investment markets work better for consumers.”

This view is echoed by other commentators. Mihir Kapadia, chief executive of Sun Global Investments, says: “The FCA had long been talking about the importance of having compliant and easily comprehensible documentation in the industry.”

He adds: “This consisted of making noticeable changes to the investment advice market with the RDR being a major policy development."