The FSA has one chance to get it right on platforms

Do you remember what you were doing on the 14 June 2006? John Tiner, the then FSA chief executive, was making his first speech to the industry about introducing the RDR. Four years of significant consultation later, and with just two years to go, we have reached a critical point. We have only one chance to get it right. If we don’t, the RDR may be long remembered as the industry’s missed opportunity. I believe the single biggest risk facing the FSA, and the industry, with the implementation of the RDR is the creation of loopholes and exceptions. On a recent trip to India I saw the imp...