RDR prep: Is your firm an eagle or an ostrich?

Rare breed with tremendous acuity of vision

Likely to be ready for RDR or well on the way

Head in the sand

Hoping RDR will be delayed or go away

Large and endangered species

Historically reliant on IFAs for distribution, uncertain what consumers want or how to teach them

Has lots of arms

Running multiple business models and business units so not clear who is deciding the way forward

Has tunnel vision

Likely to be bogged down in detail and only come up for air when the key issues are resolved

Some adviser firms, pro-RDR but historically commission based

Some banks and bradassurers

Is busy

They know what they need to do but there are so many things to do, that they are in danger of being distracted.

Large companies already implementing

Smaller firms inexperienced in managing major change.