Finish line looms to be RDR ready

With less than a year remaining before the Retail Distribution Review takes effect, Roderic Rennison examines the main areas of focus, the challenges for both manufacturers and distributors, as well as the central role of compliance professionals in the forthcoming changes and their implementation.

Roderic Rennison (roderic@rennisonconsulting.com) is director of Rennison Consulting Ltd, which provides consultancy, interim and NED services to life companies, fund managers and financial intermediaries, whether in relation to the RDR or change related challenges (www.rennisonconsulting.com).

After six years, a mountain of papers from the FSA, and continuous debate, you might be forgiven for being weary or perhaps even frustrated by the seemingly tortuous progress of the Retail Distribution Review. There is a clear need to adopt the mentality of treating the RDR as a marathon and not a race.