Retail Distribution Review Course

The Retail Distribution Review (RDR) guides advice relating to retail investment products. These rules apply to all advisors in the UK investment market and the firms they work for.

The RDR is part of the FCA's plan to achieve better protection for UK investors. The aim is that they are offered a fair, transparent charging system for advice received, can understand the service and its related costs and receive guidance from experienced professionals.

Our Retail Distribution Review Course explains the FCA's Retail Distribution Review for the financial advice business in the UK.

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Retail Distribution Review

About this Course

Available as part of our FCA Compliance Library.

Learning Objectives

This course will prepare your employees to:

  • Recognise the rationale for RDR and the key changes it introduced
  • Understand the impact of RDR on firms, advisers and supervisors
  • Know the professional standards introduced by RDR
  • Identify which products and services are out of the scope of RDR

Course outline

Welcome

What was the Retail Distribution Review?

The rationale for RDR

- Exercise: Scope

Limitation on who can provide investment advice

Professional standards

Types of advice

Transparent charging

Value Added Tax

Data capture & reporting

Product disclosure

Impact of RDR

- Impact of RDR - Advisors
- Impact of RDR - Supervisors

Professional standards - Qualifications

- Professional standards - CPD
- Exercise: Professional standards - CPD

Professional standards - SPS

Managing client relationships - Explaining the changes

Out of scope products/services

Summary

Affirmation

Assessment

FCA Courses Library

Our FCA Course library of over 60 training modules covers everything from high-level and conduct of business standards to thematic topics, including treating customers fairly.

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Course Specifications

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Structure

Approximately 30-minute long e-learning course followed by a 10-question assessment.

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Audience

Suitable for all staff - examples and interactivities designed for staff at all levels. No previous knowledge or experience is required.

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Design

SHARD-compliant, responsive display on all devices, accessibility on screen readers, visual design controlled via a client style sheet.

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Test-Out

Ability to offer optional test-out, whereby users can choose to skip the course content and complete the learning assignment simply bypassing the assessment.

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Compatibility

All Windows, Mac OSX, iOS, Android (Flash-free for mobile compatibility). AICC and SCORM 1.2-compliant, suitable for both hosted and deployed SCORM or AICC.

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Tailoring

Fully customisable on Skillcast Portal CMS.

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Translation

Pre-translated versions not available, but all text content can be exported for translation into all languages.

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Localisation

Based on UK legislation, but suitable for global audiences upon the removal of UK-specific references and translation as necessary.