Retail Distribution Review (RDR)

• “improve the clarity with which firms describe their services to consumers;”
• “address the potential for adviser remuneration to distort consumer outcomes”
• “increase the professional standards of investment advisers”

Help you enforce the standards needed for RDR compliance
As an organisation you will be responsible for ensuring your employees have the necessary qualifications to prove competency and professionalism. Cobent LCS can align training plans with RDR requirements, targeted to individuals or groups. Training plans are then automatically assigned to your employees and, using the reporting functionality, supervisors and senior managers can track progress to ensure compliance. Help you support your employees in reaching Level 4 as part of RDR obligations
Access to Cobent LCS is personalised to the individual, allowing employees to manage their training time and take ownership for their own RDR obligations. They are notified of any upcoming or outstanding training requirements and have full visibility of their training records to track their own progress. Provide a controlled and auditable environment in readiness for audits
Reports can be generated to view any training gaps throughout the organisation. Senior managers can then take the necessary steps to ensure the organisation is RDR compliant. Based on permission settings, access to training records provide accurate and complete reports to provide evidence of RDR compliance.