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Dec 4, 2012

Getting ready for 2013

This week we are having a 2013 preparation week. Not only because it’s soon approaching, but because our industry is changing in a big way from Jan 1st 2013.

As of January 1st, the Retail Distribution Review (RDR) will be implemented. The RDR is designed to modernise the industry, giving more UK consumers confidence and trust in investment advice at a time they need ever more help and advice with their savings and retirement planning.

This means that financial advisers will no longer be able to earn commission for investment and pensions. In essence they will have to charge a fee and all the advisers have to be professionally qualified.

The great news is that here at Northern Star, we have been fee based since day one and our members of staff are highly qualified.

Leigh holds the advanced qualifications in taxation and trusts, as well as the advanced qualification in investment planning. Mike is also QCA level 4 qualified.

Because of this, we are already ready for RDR, and we have been for a long time.

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