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RDR new rules in effect

by Sable International | Mar 26, 2013
  • The new rules governing how financial advisers charge for their services are in effect, and have been since the beginning of the year. The changes form part of the Retail Distribution Review (RDR) - introduced by the Financial Services Authority (FSA) - as part of their efforts to increase transparency and fairness, when it comes to investment fees.

    Advisers are now required to make an agreement with each of their clients about their financial advice fees upfront, and will no longer be able to charge commissions.

    With this initiative, the FSA intends to ensure that

    • Consumers are offered a transparent and fair charging system for the advice they receive;

    • that they are clear about the service they receive; and

    • that they receive advice from highly respected professionals.

    Sable Wealth welcomes the move. We are pleased that the FSA is finally holding the whole industry to the same standards that we value; our qualifications already exceed the level required by the FSA under the new RDR initiative.


    If you have any questions concerning the new rules, please don’t hesitate to contact us at wealth@sableinternational.com or by calling 084 5345 1633. 

    We are a professional services company that specialises in cross-border financial and immigration advice and solutions.

    Our teams in the UK, South Africa and Australia can ensure that when you decide to move overseas, invest offshore or expand your business internationally, you’ll do so with the backing of experienced local experts.

     
     

    South Africa

    Cape Town

    Regent Square
    Doncaster Road
    Kenilworth 7708 +27 (0) 21 657 2120

    Durban

    25 Richefond Circle
    Ridgeside
    Umhlanga 4320 +27 (0) 31 536 8843

    United Kingdom

    Croydon

    One Croydon
    12-16 Addiscombe Road
    Croydon CR0 0XT +44 (0) 20 7759 7514

    Australia

    Melbourne

    9 Yarra Street
    South Yarra
    VIC 3141 +613 (0) 8651 4500

    Sable International is a trading name of 1st Contact Money Limited (company number 07070528), registered in England and Wales. We are authorised and regulated by the Financial Conduct Authority in the UK (FCA no. 517570), the Financial Services Conduct Authority in South Africa (1st Contact Money [PTY] Ltd - FSP no. 41900) and hold an Australian Financial Services Licence issued by ASIC to deal in foreign exchange (1st Contact Group - AFS Licence number 335 126).

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