In a new monthly feature, the CII's David Thomson provides an update on the key regulatory events of the past few weeks and takes a look at what can be expected next.
Summer 2013 will be remembered as a busy time for the Financial Conduct Authority (FCA), which took the six-month anniversary of the Retail Distribution Review (RDR) as a pertinent moment to reflect on developments so far by publishing the much-anticipated official figures on retail investment advisers in the UK. The study revealed that UK retail investment adviser numbers have risen since the introduction of the RDR, from 31,132 in December 2012 to 32,690 in July. This trend was echoed in the CII Group’s publication of SPS numbers, showing more than 21,500 unique statements have been is...
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