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RDR – don’t be left in the Dark

Amid the positives that the Retail Distribution Review (RDR) is likely to bring, especially in reference to the standard of financial advice given, there have been those that have expressed their concern about the amount of people that could be set to miss out on advice in the future. It is thought that the fees that will be charged from the New Year by financial advisers will make it impossible for some to receive the advice they really need.

Comments this week from Conservative grandee Lord Flight suggest that the RDR will severely limit the number of people that have feasible access to financial advice. He said: “The RDR is an elitist concept. The wealthy will not have a problem, but between 2.5m and 5m people will find themselves without access to financial advice”.

It is easy to see why these comments have been made, financial advice will become expensive, with most advisers expected to charge over £200 per hour for their service. Many people will feel that, even if they are able to afford the advice, they simply will not want to spend that amount acquiring it, especially for basic advice.

At we will answer any financial question free of charge, and will aim to do so within 60 minutes. It doesn’t matter how simple or complex the question is, our advisers are fully qualified and approved by the FSA, meaning you will get a professional answer that could really help to make a difference to you. Speak to one of our advisers today, and make sure you’re not left in the dark about your finances.

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