Retail Distribution Review (RDR)

Retail Distribution Review (RDR)

The RDR was undertaken in response to the fact that, despite the significant progress achieved through the Financial Advisory and Intermediary Services (FAIS) Act in raising intermediary professionalism, improving disclosure to clients and mitigating certain conflicts of interest, fundamental concerns about poor customer outcomes and mis-selling of financial products remain.

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The RDR was undertaken in response to the fact that, despite the significant progress achieved through the Financial Advisory and Intermediary Services (FAIS) Act in raising intermediary professionalism, improving disclosure to clients and mitigating certain conflicts of interest, fundamental concerns about poor customer outcomes and mis-selling of financial products remain.

“The Financial Services Board (FSB) has released the Retail Distribution Review (RDR) White Paper for comment –and the jury’s out about how the RDR will affect the short-term insurance industry," says FAnews.

"While its common cause that RDR will have far-reaching effects for the long-term insurance industry, its not clear how the short-term industry will fare.“

This document also provides a look at the lessons that can be learned from RDR's establishment in the United Kingdom.

Please download the document below to see a short summary of the highlights of RDR.

RDR Roadmap

Click here for the RDR Roadmap.

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