Hobbs: FSA 'finished with RDR'

At a Panacea IFA event Richard Hobbs said a speech by Linda Woodall on 17 April marked turning point in how advisers should view RDR. "Linda Woodall is the head of supervision, but you would have expected this to come from Peter Smith, the head of conduct policy," he said. "That's telling you something. RDR has moved out of the policy department, and in to supervision. As far as they are concerned, RDR is finished." Hobbs, who worked for the FSA between 2000 and 2002, said the regulator communicates through speeches. "They regard them as being important, it's where they say thin...