Peter Smith, head of distribution engagement at TISA, takes a look at what is in store for the industry when the new regulator acquires its powers in April.
It was not so long ago that petitions to the regulator from the financial services industry concentrated on calls for level playing fields. Nowadays, things have moved on. Reality is wielding a sharper edge. Firms are focusing far more on the serious and immediate practical implications of regulation as it relates to their business, rather than chafing about competitors’ deemed advantages. In the new age of regulation we must all be ‘hurdlers’– and having made it over the Retail Distribution Review (RDR) fence at the end of 2012, it is time to be alert to the ‘jump’ that lies ahead. ...
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