HMRC to rewrite RDR guidelines

HM Revenue and Customs (HMRC) is to rewrite its retail distribution review (RDR) consultancy charging guidelines, reports Employee Benefits’ sister publication, Money Marketing.

Under the retail distribution review (RDR), after 1 January 2013, all independent financial advisers and employee benefits consultants will be remunerated on a fees rather than a commission basis.

A spokesperson from HMRC said: “The guidance is being updated and will be published in due course.”

Read the full story by Money Marketing

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