Regulation

Have been declining since H1 2015

Retirees at risk

Welcomed by the AIC

RDR definition 'too difficult' to achieve, respondents to consultation said

Surveyed investment banks and asset managers

'Excessive' use of non-monetary benefits found

Third consultation paper published by regulator

Comes as regulator seeks to strengthen senior managers' regime

Rolled out to all regulated financial services firms from 2018

More progress needed on Senior Managers Regime