- 1.
- Behavioural change management: "Know thyself" - Socrates: To survive the transition to a fee-based organisation, knowing who you are and where you need to be are essential to understand the transition-gap faced.
- 2.
- People: Having the right people in the right place at the right time has never been more important to the UK financial services industry. Key staff retention and recruitment strategies are essential to RDR success.
- 3.
- Professional Standards: Advisers are required to be at least QCF level G4 qualified by 2013 with QCF level 6 being the eventual goal.
- 4.
- Business modelling: The shift from commission to fees brings the need to re-define remuneration strategy, adviser charging requirements, streamlining the advice process and transparent service communication and disclosure.
- 5.
- ENGAGING THE RDR: The RDR brings choice and opportunity and a decision to align your business and its people with the hard and soft principles that this FSA directive brings.
EPL's Engage RDR Programmes:
- Ensure business value chains and services remain competitive
- Support retention of client trust
- Ensure your people are engaged and psychologically RDR-ready
- Uplift existing strengths and highlights weaknesses for improvement
- Comply with RDR transparency requirements
- Align your business to the soft-skill challenges