What is the primary goal of the Retail Distribution Review?

The primary goal of the Retail Distribution Review (RDR) is to improve transparency and professionalism in financial advice. This initiative was introduced by the Financial Services Authority (FSA) in the UK to address issues related to the quality of financial advice provided to consumers. By requiring financial advisers to meet higher standards of qualification and to provide clearer disclosure about their fees and services, the RDR aims to create a more trustworthy environment for consumers seeking financial guidance.

The focus on improving professionalism involves ensuring that advisers adhere to ethical standards and are better equipped to serve their clients' best interests. This, in turn, enhances consumer confidence in the financial advice sector, promoting a more informed and empowered client base. As a result, clients can make better financial decisions based on transparent and competent advice.

While other options may touch on related themes, they do not capture the essence of the RDR's core objective as accurately as the goal of improving transparency and professionalism in financial advice.