The research consisted of two separate surveys, each interviewing more than 250 financial advisers, polling their views on the appropriateness of various product types and the impact of potential upcoming regulation. The findings suggest that the reforms being signalled as part of the fresh approach to regulation could actually be harmful, if consumers are dissuaded from investing in products with long-term potential. This new report follows on from one that launched earlier in the year on ‘How much benefit will the RDR deliver to customers?’.
Both research pieces address the FSA’s Retail Distribution Review (RDR), which takes effect on 31 December 2012. The RDR aims to drive structural change throughout the retail investments industry, in order to give consumers confidence that the advice they are given, and products they are sold, are best suited to their needs.