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Masthead is ‘unpacking’ the RDR discussion paper. Read their interesting PDF files.
One of the major talking points in the industry over the past two years has been regulatory reform. And while a number of key pieces of legislation have been discussed and are in the process of being implemented, the particular piece of legislation that threatens to influence the industry the most is the Retail Distribution Review (RDR).
There has been a mixed reaction to the Retail Distribution Review (RDR) White Paper which has been issued by the Financial Services Board (FSB) for public comment. The FSB has stated that the purpose of RDR is not to damage the industry, but to rather enhance its sustainability. A number of industry bodies have pointed out that the reaction to the paper has been positive.
What do you believe will be the biggest challenge when the COFI framework is finally implemented?