As a product provider, RDR can impact your organisation in a number of ways depending on your business strategy and plans, your organisational framework and the way in which you distribute products to market.
Faced with a very different landscape in the post RDR world, you are now wrestling with the potential new shape of your future distribution channels and how you can best play into these to retain and grow market share.
You will be considering how best to harness the power of your existing assets, people being one of the most important and how your business can survive and flourish in a world where advice may be offered through independent, restricted or simplified models. You will need to consider your product and distribution strategy where commission ceases to exist for new products and price will be negotiated between Adviser and Client.
As new advice models emerge in the market, many of your existing policy holders may be seeking advice directly from you, IFAs and Networks will be adopting a range of advice and pricing propositions, and for those organisations that are vertically integrated, you will be seeking to develop and implement distribution strategies to maximise business potential.
As a product provider, significant investment in people, products and infrastructure are essential to ensure your business is not only compliant from a regulated view point, but can also continue to deliver sustainable year on year growth and shareholder value.
With a proven track record in working with major providers, Bigrock can offer you;
- A team of consultants with a broad range of industry knowledge, and significant experience in effective implementation of change in major FS organisations including an in-depth understanding of RDR and the many ways it can impact providers and distributors.
- A proven track record in making Sales and the Sales Management line more effective, and can work with providers to develop solutions that will ease their transition into RDR and drive true lasting and measurable change on organisational performance.
- Understand the overall impacts on your people, the responsibility of your Significant Influence Functions to ensure employees are competent, and how best to support you in driving forward overall standards of professionalism.