Legacy assets: Why the industry needs clarification

Ed Dymott, head of commercial at Fidelity Worldwide Investment, on why the FSA needs to offer clarification on legacy business sooner rather than later.

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Ed Dymott, head of commercial at Fidelity Worldwide Investment, on why the FSA needs to offer clarification on legacy business sooner rather than later.

Building flat pack furniture is a challenge at the best if times, but without a set of instructions there is a good chance that you will end up with a useless pile of chipboard or a rickety cabinet and a collection of unused screws. As we approach the final furlongs of the RDR, the plans for implementation should be well advanced. But it feels like the industry is standing over a collection of well-designed shelves, legs, fronts, backs and sides and wondering how best to put them all together. It is at this point when detail really does matter, and the industry needs clear instruction...

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