Under the microscope: The industry's five biggest RDR bugbears

The Investment Management Association (IMA)'s 11th annual Asset Management Survey, released earlier this week, said the Retail Distribution Review (RDR) has had several unintended consequences for the fund management industry.

The survey, which gathered responses from 72 member firms and 27 senior industry figures, said although the industry is broadly supportive of the overall aims of RDR, there are a number of flaws within the regulation. Here Investment Week lists the five biggest complaints survey respondents had about RDR's impact on the industry. 1. Less access to advice The survey noted many consumers could be priced out of receiving advice due to the fact intermediaries have had to revamp their charging structures after the regulatory crackdown on trail commission. "There is a range of opera...