RDR

The FSA says it is not yet ready to create a regulatory regime for Simplified Advice as the development of this channel is still in its infancy but admits it may not be necessary for the level 4 requirement to be needed in this area.

The FSA has indicated it is leaning towards abolishing all payments to platforms from product providers.

Product providers will not be required to monitor the effect on their products of the levels of adviser charges deducted, the FSA confirms today.

The FSA has made a major revision of the cost of adviser charging for intermediary firms, having previously said its implementation would require negligible investment.

The FSA's consultation paper 10/8 published today proposes retail investment firms must disclose protection renumeration.

The FSA has made a major upward revision of the RDR's costs in its policy statement today.

The FSA's Sheila Nicoll has hinted today's Discussion Paper on platforms will hone in on rebates, transparency of charging and action the regulator can take to aid re-registration.

It was June 2007, all of 33 months ago, when the FSA published its first Review of Retail Distribution.

The FSA is set to publish a Policy Statement (read: final rules) on adviser charging and service labelling later this morning.

Lighthouse Group is stepping up its client sourcing activities as its advisers seek more customers to balance an expected drop off in income "per case" post-RDR.