The Munro musings: A softer approach to RDR

The RDR has become Smaug, the dragon from The Hobbit.

Even though it has yet to be seen it evokes fear and dread in the world of Middle-earth, that land of the ever-open pub occupied by intermediaries and fund managers. At the heart of the debate is the need to separate the revenue generated from selling a product to revenue from giving advice. The simplest way to do that is make it easier to compare naked products shorn of all advice. That makes it easier for the consumer to distinguish between what it costs and the advice given to sell it. The industry could go a long way to making the market easier for consumers to understand by provi...