Treasury - Fifteenth Report
Retail Distribution Review

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Here you can browse the report together with the Proceedings of the Committee. The published report was ordered by the House of Commons to be printed 6 July 2011.

Contents

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Terms of Reference

Summary

1  Introduction

2  Qualifications

The upcoming change

The case for Level 4

The 'cliff-edge' and 'grandfathering'

Older advisers

Less of a cliff-edge, more of a slope

Legality

Beyond Level 4

3  Commission

Introduction

Consumer Agreed Remuneration

Will consumers pay fees?

Disclosure

Removal of trail commission

Removal of factoring

Ensuring a level playing field

VAT

4  Types of advice

Introduction

Confusing to consumers?

Simplified advice

5  Transition

6  Overall costs and benefits

Introduction

Benefits of the RDR

Trust in advisers

Costs

Access to advice and closing the savings gap

Savings Gap

7  European and international issues

Introduction

Ongoing work

Passporting

High Net Worth individuals

8  The Financial Conduct Authority

Continuity

Accountability

The long-stop

Conclusions and recommendations

Formal Minutes

Witnesses

List of printed written evidence

List of additional written evidence

List of Reports from the Committee during the current Parliament

Oral and written evidence

9 March 2011

Written evidence

Additional written evidence

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Prepared 16 July 2011