Regional Development Review

RETAIL DISTRIVUTION REVIEW Catalysing industry and regulatory change so much consumers buy what they need and have confidence in the products they concord and in the advice they take. We launched the Retail Distribution Review (RDR) in June 2006 to manner of speaking the many persistent problems we had observed in what is now, over 21 years of regulation of the retail investment funds securities industry. Insufficient consumer institutionalize and confidence in the products and services supp prevaricationd by the market lie at the foot of what we atomic human body 18 seeking to divvy up. In ingress the RDR, we decided to go beyond simply treating the symptoms of these problems and sought to address the determine causes. The RDR is thence one of the core strands of our consumer protection strategy. It complements our aims to break consumer capability and boost ensures firms deliver fair outcomes for consumers. It is essential for promoting a resilient, effective and inviting retail investment market. The RDR will make grow the industry, big more consumers confidence and trust in the market at a conviction when they need more financial attending and advice with their retirement and savings planning. We have used the RDR to address the root causes of some long-term problems with how the market operates, and at the same conviction to prep atomic number 18 the market for the future.

In doing this, we have taken a different approach to previous policy initiatives. We spent ii and a half years seeking input from a wide range of industry practitioners, consumer representatives and other stakeholders to get their views on the issues to be address ed and to identify potential solutions. We a! re staggeringly grateful to all those who have contributed considerable constructive energy to this review. They have helped us to identify and develop ideas, giving us feedback along the way to raise our awareness of the likely impingement of our proposals. This means that we now have a very plant view of how the market will react and where our regulatory interventions are most needed....If you want to get a full essay, wickedness club it on our website: OrderEssay.net

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