FSA has published a summary of the most frequently asked questions on the Retail Distribution Review (RDR) from its recent workshops. Questions include:

  • how advisory businesses with discretionary management arms should show there are no conflicts of interest;
  • why some providers are stopping commission on legacy business when clients switch funds and others are not;
  • how firms that provide pure protection services as well as retail investment advice should show their commission on the protection services;
  • whether pensions are a relevant market;
  • how firms should prove they have appropriate qualifications;
  • whether firms can charge clients for advising them not to buy a product; and
  • the limitations of activities that individuals without appropriate qualifications can carry out.

(Source: RDR FAQs)