RDR transition not so clear cut

FCA warns on adviser inducements.

This year there have been many references made to the ‘post-RDR’ era for the advisory industry, after the regulatory deadline passed at the end of last year. The words imply, rightly, that we have entered a new world for advisers and their clients, but most in the industry acknowledge the transition from one era to the next is not so clear cut. It is perhaps easier to measure certain aspects of the rule changes, such as qualification levels, but the murky ground of ‘inducements’ between providers and advisers is still providing a serious headache for the regulator. The Financial Co...