In the second of a six part special on preparing for RDR, Ed Dymott, head of commercial at Fidelity Worldwide Investment offers his tips for getting your firm ready for 2012 and beyond.
Regulations almost always focus on fixing past events, rather than looking to address future trends and potential risks. As such we often see them playing catch up with an ever evolving market. For this reason, many businesses look at the RDR requirements with relative comfort, knowing they have been compliant – at least in spirit – for some time. At this point in time the majority of us now have RDR fatigue. Although the impacts of RDR will be significant, there is a risk that businesses may spend more time considering how to meet requirements, than on dealing with the consequences. ...
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