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RDR Meeting



Posted: October 10th, 2012

Yesterday members of our wealth management team and I attended a meeting in Edinburgh to discuss how the introduction of the Retail Distribution Review (RDR) will impact on our clients. The meeting was held in the boardroom of F&C investments located on the 6th floor of its building on George Street with a roof top terrace enjoying panoramic views of Edinburgh including the castle.

RDR will come into effect from 31st December and major changes, amongst others, will see the introduction of client agreed remuneration in place of commission and a minimum level of qualifications for all financial advisers.

At David Allen Financial Services we have made significant changes to our business over recent months, including the introduction of new software systems to further improve the service we provide to our clients. The meeting outlined further software enhancements that will be introduced over the next few weeks, all with the objective of making sure that our clients have access to the best possible financial advice and David Allen Financial Services is able to continue to provide a first class service.

RDR is a major change in the way financial advice is delivered in the UK and we are fully behind the changes and believe that the systems we have already introduced and the forthcoming enhancements will allow our advisers to spend less time doing paperwork and more time to do what they do best, meeting with our clients to provide financial advice of the highest quality.

Derek Baty

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