ABC of RDR (Retail Distribution Review)

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Retail Distribution Review: well-run practices have ‘little to fear’

25 August 2015 | General

Stricter regulation of financial advice and financial product distribution will have both positive and negative consequences for South Africa. On the plus side it should result in lower investment charges to consumers while on the minus side it may restrict the supply of financial advice to low and mid-income earners.

RDR: creating an advantage for low-income earners

09 June 2015 | General

The Financial Services Board (FSB) released the Retail Distribution Review (RDR) with the intent to protect retail financial services customers, particularly those in the lower-end of the market, by ensuring that they are treated fairly by their financial advisors.

Survival tactics for the implementation of RDR

09 June 2015 | General

There are fears in the industry, whether rational or irrational, that the Retail Distribution Review (RDR) will usher in the demise of the independent financial adviser (IFA). However, while the industry feels that the Financial Services Board is walking around with a big stick to make sure there is compliance to the world they are creating, some of the changes may prove to be beneficial to the industry.

Actuarial profession rolls up sleeves to help with RDR

03 June 2015 | General

More than 50 actuaries from various actuarial fields have responded to a call by the Financial Services Board (FSB) for interested actuaries to assist the Retail Distribution Review (RDR) project team appointed to review and assess the comments and proposals received on the RDR paper.

quick poll

Question

What do you believe will be the biggest challenge when the COFI framework is finally implemented?

Answer

The cost and complexity of relicensing Demonstrating customer outcomes through data and reporting Embedding a customer-first culture across the business Aligning existing compliance frameworks with COFI requirements

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