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CMS RDR and adviser charging disclosures April 2014

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RDR and adviser charging disclosures:
FCA’s patience wearing thin?

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Description

The Retail Distribution Review (RDR) introduced, among other things, new information disclosure
requirements for financial advisers.
Firms must first give clients generic information about costs at the outset (e.g. whether they charge a fee or
an hourly rate); followed by confirmation of the client’s own specific costs. Firms must also disclose whether
they are ‘independent or ‘restricted’, i.e. whether they will consider products from the whole of the market.

Additional information

Date of Publication

2014

File Format

PDF

Pages

2