Retail Distribution Review
The CII is helping to facilitate debate on all aspects of the various consultation phases of the RDR.
As the industry's main professional body, the CII seeks to guide the profession through this process and help ensure the result enhances consumer confidence.
What you need to know.
Latest Updates:
- On 28 June the FSA published its latest RDR Consultation Paper (CP10/14) which sets out a summary of feedback received on both CP09/18 and CP09/13 consultations, and contains additional proposals in relation to professional standards work. For an overview of the paper and the latest RDR timetable click here
- Our briefing on a report by J.P. Morgan Asset Management that shows that professionals such as accountants and solicitors value Chartered status when evaluating business connections with independent financial advisers.
- On 26 April the CII outlined its proposal for the new post-RDR diploma. The diploma is scheduled to be launched in early June and will meet the FSA level 4 Qualifications and Credit Framework (QCF) requirement.
- On 26 March the FSA published its latest RDR related Policy Statement. The paper reports on responses to the July RDR consultation paper (CP09/18) and gives recommendations on delivering the RDR. For an overview of the paper and the latest RDR timetable click here.
On the same day the FSA also published a discussion paper on platforms and a consultation paper on pure protection. For a document providing a more detailed examination of all three of the FSA's papers and their implications, see our briefing FSA March 2010 RDR Papers: A Closer Look.
- On 18 March 2010 the CII/PFS published its response to the FSA consultation CP09-31 on the RDR and Professionalism. We believe that this consultation outlines the central features of a ‘package of professionalism’ which we have called for throughout the RDR process. To see the CII view on this latest development, see Our View On... the RDR.
- On 18 March 2010 the CII/PFS published its latest membership survey capturing the views of financial advisers and other practitioners on the RDR consultation. Over 1,360 members responded, and results show strong and continued support for the professionalism proposals. Click here to view the full results.
On 6th March 2009 the FSA issued a statement seeking to clarify its intention for the new benchmark qualification at level 4 to deliver a step change in standards of professionalism.
PFS Press Release
PFS Update for Members.
