Retail Distribution Review
December 27, 2009 by admin · Leave a Comment
FSA launched the Retail Distribution Review (RDR) in June 2006 to address the many persistent problems that had been observed in what is now, over 21 years of regulation of the retail investment market. Insufficient consumer trust and confidence in the products and services supplied by the market lie at the root of what we are seeking to address.
In launching the RDR, it was decided to go beyond simply treating the symptoms of these problems and sought to address the root causes.
The RDR is therefore one of the core strands of our retail market strategy. It complements our aims to improve consumer capability and further ensures firms deliver fair outcomes for consumers. It is essential for promoting a resilient, effective and attractive retail investment market. The RDR will modernise the industry, giving more consumers confidence and trust in the market at a time when they need more help and advice with their retirement and savings planning.
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