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‘Tech firms will play major role when RDR comes in’

Technology firms will have a huge part to play when the RDR is introduced, says Assureweb chief executive officer Andrew Simon.

Ahead of November’s RDR interim response, Simon says technology will play a “huge part” in the RDR’s introduction by helping advisers offer a competitive level of service.

He says: “Technology will play a part in helping advisers manage clients efficiently in terms of focused advice, non-advised sales and business management. Firms that have planned will be better suited to take advantage of the new opportunities that will arise from the new advised and non-advised models and customer agreed remuneration.”


Tories to give BoE more power

The Conservatives have called for the Bank of England to be granted stronger powers to monitor banks’ lending and for an independent body to scrutinise Government spending and debt.

Release of anger

Which? caused a storm in the equity release world last week when it released a report recommending that equity release products should only be used as a last resort.

FSA bans two more brokers

The FSA has banned North Wales mortgage broker Stephen Jones and fined him £100,000 after finding he had exposed about 1500 customers to the risk of receiving unsuitable advice.


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