The Retail Distribution Review (RDR), and the subsequent enabling proposals, provide the UK with a unique opportunity to move towards a fairer and more transparent pricing and distribution model.
We believe this is desirable and beneficial for investors. Through this crucial batch of reforms, the FSA is seeking to reduce any bias that might affect outcomes for end investors. We believe any payments from providers to distributors, including rebates to platforms and commission for advice, represent a practice that may create just such a bias. Such payments distort both choice and access for end investors. In addition to possible bias, the investor has no way to see clearly or fully understand how they pay for distribution services. As a result, they are not in a position to mak...
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