Royal London is eagerly waiting for vital clarification on the status of group personal pensions (GPPs) in the RDR, as well as hoping for further details on how professional standards will be established across the industry.
The FSA is due to unveil its RDR Feedback Statement on November 25, which will outline its proposals and give a time-line for implementation. Royal London is hoping the FSA will have listened to its arguments for GPPs to be included in the RDR's remit. It believes issues surrounding perceived bias, such as reasons for transferring to another pension provider, and professionalism are as relevant here as for other areas of the market. Gareth Evans, head of corporate affairs at Royal London, says: "I would be surprised if there was not some statement about GPPs being included within the scop...
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