
Retail Distribution Review Sessional Meeting
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The Retail Distribution Review (RDR) could be one of the most significant current developments in the financial services industry. In the United Kingdom, RDR became effective from 1 January 2013, due to a drive to increase transparency for investors. The RDR released by the Financial Services Board (FSB) is essentially aimed at aligning insurance distribution models with Treating Customers Fairly (TCF) outcomes. Some financial services companies may have to adapt their current business models to comply with new requirements.