Corporate

Retail Distribution Review

What is the Retail Distribution Review (RDR)?

 

The FSA launched their Retail Distribution Review in June 2006 to address many of the persistent problems they had observed in the retail investment market. In their consultation paper CP09/18 the FSA sited insufficient consumer trust and confidence in the products and services supplied by the market. The RDR set out three main aims:

• to increase the professional standards of investment advisers
• improve the clarity with which firms describe their services to consumers
• address the potential for adviser remuneration to distort customer outcomes

In December 2009 the FSA published a further consultation paper CP09/31entitled Delivering the Retail Distribution Review. This paper sets out how the FSA plan to raise standards of professionalism in the retail investment market. The paper confirms the FSA’s proposal to raise the level of benchmark qualification retail advisers are required to obtain from the present OfQual Level 3 to a minimum OfQual Level 4.

BPP are committed to helping our clients and their employees meet the requirements set by the RDR. We are in constant contact with all the relevant Institute and industry bodies to ensure we provide taught courses and distance learning to fully prepare candidates for the new Level 4 examinations.

We will be updating this section of the BPP website as further information becomes available. However, in the meantime, if you have any questions or concerns please contact your designated client account manager or call us on 020 8746 4178.