Rathbone to be classified as 'restricted' under RDR

Rathbone Brothers, the investment management firm, has said that it will be classified as 'restricted' under the Retail Distribution Review (RDR) when the new regulations come into play next year, although its pension and advisory services sector will be classed as 'independent'.

Rathbone Brothers, the investment management firm, has said that it will be classified as 'restricted' under the Retail Distribution Review (RDR) when the new regulations come into play next year, although its pension and advisory services sector will be classed as 'independent'.

Its preparations for the RDR are "well advanced", saying "our fee scales are RDR ready and we have operated to RDR disclosure levels for many years. System changes have also now been completed to comply with adviser charging requirements".

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