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Managing UK Retail Investment Compliance in the Post Retail Distribution Review Landscape (Strategic Focus)
Datamonitor, March 2010, Pages: 30
The Retail Distribution Review is set to bring a major overhaul of business practices in the UK's retail investment sector. The abolition of commission represents a major shift in business model and the need for higher professional standards will notably increase compliance costs. This report looks at business and IT strategies to support advisor charging and the compliance demands of the RDR.
Scope
- The report looks at the UK retail investment sector, considering the impact of the RDR on both investment providers and distributors
- Analysis of the RDR includes business and technology implications of move to adviser charging
- Report explores technology implications of the RDR in supporting greater compliance management requirements, including managing training & competence
Highlights of this title
Ovum estimates that the broader IT system change costs required will likely drive a total technology spend on supporting RDR for the retail investment sector will be near to £500m over the three years from 2010 to 2012.
KPI and other MI measures will be subject to change over time this means that it is no longer optimal to use highly defined or hard-coded applications for the automation of data collection and reporting. Systems need to deal with evolving measure requirements, with the ability to easily work with new measures or change existing ones.
Key reasons to purchase this title
- Analysis of the impact of the RDR on retail investment sector from both investment provider and IFA perspective
- Consideration of the wider impact of outcomes-based regulation of technology architecture and system requirements
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