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Broker Talkback

Should the retail distribution review be delayed due to the economic turmoil?

Yes 75%
No 25%

Yes “There are a lot of things in the RDR that will cost a lot of money and there is not a lot of business out there. It is not the easiest time.”

David Thompson, David Thompson

No “I think the RDR will improve the service customers get so we should get the ball rolling as planned.”

Simon Walldock, Gemini Financial Management

Yes “But to be honest, it should be scrapped completely.”

Paul Wilson, Paul Wilson Financial Services

Yes “Like everything the FSA does, they are trying to push it through without a proper consultation. It needs discussing at length when you are going to decimate the industry.”

David Lowe, David S Lowe Financial Management

Yes “Everything has changed since it was set up. What they are proposing is now out of date and a waste of time.”

John Abson, Norwood Lake Finances

No “We should get the proposals through as quickly as possible.”

Jo Roberts, NeedAnAdviser

Yes “Timescales are tight for the RDR considering the market. Also, the small IFA is an endangered species and putting pressure on them with new demands might be too much for them to handle.”

Paul Plagerson, Moneyplus 2000

Yes “It is going to be more expense at a time when we could well do without it being piled on to the industry.”

Christopher Slater, Professional Financial Management

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