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Retail Distribution Review

The Retail Distribution Review (RDR) is central to the FSA’s agenda of customer protection and will affect firms across the value chain from the product manufacturers, such as insurers and asset managers to the distributors, such as banks, wealth managers and IFA’s.

The RDR aims to drive structural change throughout the retail investments industry, in order to give consumers confidence that the advice they are given, and products they are sold, are best suited to their needs.

What are the main changes?

The regulatory changes focus on several key aspects of the distribution of both retail investment products and corporate pensions, from status of advice, standards of professionalism, adviser charging, and platforms.

Such regulatory change is affecting the shape of the intermediary market and distribution models, while the removal of commission from new retail investment products is creating a shift in the value chain and market economics.

The changes required as a result of the RDR are likely to have wide reaching impacts across organisations. Strategic responses will vary significantly in the degree of change involved, but all require significant changes to business and technology operations.

Learn more

  • RDR publications
    To read our latest point of view articles on the RDR, visit our publications page.

The Deloitte approach

We provide a breadth of expertise to support our clients from across the industry to define and implement their strategic response to the RDR.

Our dedicated multidisciplinary team of experts have a thorough understanding of the RDR, from the detail of the regulation itself, through to the impact of different response options across all business areas of all market participants.

This breadth of expertise, together with our proven approach and methodology, is enabling our clients to:

  • define their strategic response to the RDR, and assess their readiness to meet the implied challenges
  • identify the impacts of their RDR response across their businesses and resolve key issues
  • define the changes required (including the impact of platforms)
  • implement the changes required to both business operations and technology


Useful links

  • Meet the Financial Services team
  • Research & publications
  • In the press
  • Submit a request for proposal
  • Contact us


  • Recognising RDR reality
    The need to challenge planning assumptions.
  • Bridging the advice gap
    Delivering investment products in a post-RDR world.

Find out more

  • Retail Distribution Review implementation efforts lagging in retail investment market
    Press release

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