The FSA's failure to tackle how the Retail Distribution Review (RDR) will apply in the corporate market could prove detrimental to thousands of consumers, Aegon says.
It says the worksite is a "key channel" for customers to access pensions, protection and other financial services. In today's RDR feedback statement, the FSA provided no details of how industry changes might apply, or be adapted, for certain sectors such as the corporate pensions market. Aegon also says proposals to widen access to advice must be given similar urgency to prevent advice moving out of the reach of the mass market "just when it is needed most". Additionally, it asks whether the FSA's 2012 deadline for implementing change might be "too demanding" for advisers and clients ...
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