Mastek, a high-end IT solutions player with global operations providing new technology and intellectual
property (IP)-led enterprise solutions, today announced plans to tour Scottish Life and Pensions offices.
The tour – which will continue throughout February - is designed to help providers to prepare for the new
challenges raised by the Retail Distribution Review (RDR) and is intended to gain a sense of provider’s
plans pre-RDR and the solutions they intend to implement after the legislation comes into force.

The tour will explore the challenges faced by providers looking to develop multi-channel RDR-compliant
distribution strategies as we head towards 2012.

Ralph Tucker, Head of Propositions, Mastek said: "The RDR is going to have a huge impact on all aspects of financial services and is set to change the way advice is delivered and priced. A recent survey by Winchester White has revealed that many expect the individual cost to firms of implementing changes will be over £5 million or more. However, only 20% of respondents to that survey have said that work is underway and is on track. It seems that although many life companies recognise its significance, very few have taken steps to ensure they are planning appropriately for the implementation of the RDR. The purpose of our tour is to make providers aware of the need for effective forward planning when it comes to systems and software and outline the options that are open to them."

Source: Bobsguide.com