The FCA’s consultation on allowing cash rebates to continue highlights how poorly executed the Retail Distribution Review (RDR) was in practice. This matter should have been determined from the start of the implementation and not years later. This is particularly unfair to independent financial advisors that wish to retire in the near future and for independent financial advisors who bought businesses believing the RDR would permit these legacy payments to continue. My personal opinion is to see the RDR to its logical conclusion; the aims were admirable, shame about the implementation!rnrnThe article which inspired this blog post is http://www.moneymarketing.co.uk/wrap-and-technology/fca-consults-on-allowing-legacy-cash-rebates-to-continue/1075273.articlernrnThis information is intended to provide a general review of certain topics and its purpose is to inform but not to recommend or support any specific investment or course of action. The tips may not apply, or be suitable, to everyone and you should contact us for advice if you are unsure whether this is the case.rn
