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Aegon says RDR is opportunity to increase professionalism

Aegon Scottish Equitable has welcomed the FSA’s RDR proposals saying they should boost the professionalism of advisers and give more people access to affordable advice.

Head of business regulation Steven Cameron says the proposals are much wider than a move to change the adviser proposition or a debate on remuneration.

Cameron suggests the proposals to increase the transparency of the cost of advice and raise professionalism could be a catalyst to boost consumer confidence and encourage more people to seek advice.

He says: “It’s about serving today’s customers better and finding cost-effective ways of reaching new ones. We would encourage advisers to use the six month response period to think through what the options presented mean for current and future customers and their business models and feed their views into the discussion process.”

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