COMPLIANCE AND TRAINING SOLUTIONS INDEPENDENCE TOOL

The Retail Distribution Review (RDR) requires financial advisers to state whether they will offer independent or restricted advice from 2013. Independent advice is a recommendation based on an unbiased, comprehensive and fair analysis of the relevant market... The key term here is 'relevant'. This means that any products that are not relevant to the client's circumstances and objectives can be discounted leaving a panel of appropriate products from which the adviser makes a recommendation. This concept has bewildered advisers wishing to provide independent advice but struggling to find a way in which this can be demonstrated without mountains of paperwork... 13 simple questions to allow you to filter all products down to a manageable number for you to base your recommendations upon.

Primary location: Colchester United Kingdom