RDR lessons mounting for Asian regulators

Rules in the UK requiring distributors to charge investors for advice are starting to provide key lessons for Asian regulators as they consider how best to protect investors as their domestic industries develop. Investors in the UK have responded to the introduction of the retail distribution review (RDR), in force since January 2013, by pulling back from seeking advice. While 13% of retail investors paid for investment advice before RDR, that figure has since dropped to 7% now,…