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Failing to correctly calculate a price point is one of the biggest mistakes an adviser makes when changing to a fee-based remuneration model.
South Africa’s Retail Distribution Review (RDR) expands upon that of the United Kingdom in that it proposes changes to the intermediated distribution model in the life, investment and short-term disciplines as opposed to investment only. By Gareth Stokes: Communications Manager at the Financial Intermediaries Association of Southern Africa (FIA).
After a recent newsletter published by FAnews on the Retail Distribution Review (RDR), it is evident that many financial planners feel that RDR cannot be disguised as being in the best interest for them.
The date for industry comment on the Financial Services Board’s (FSB) Retail Distribution Review (RDR) White Paper has come and gone, now the industry has to sit and wait to see what will be the final standpoint of the FSB on this controversial matter.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?