FSA is right to give Pain time - AIFA

The regulator this morning announced it will be delaying the statement one month until November. Andrew Strange, policy director at AIFA says: “It’s disappointing that the FSA is delaying the RDR report, but we understand the reasons for doing so.” “Given the significant changes in the FSA personnel responsible for the RDR, it is critical that Jon Pain and his new team take time to fully understand the issues and proposals in order to get this important initiative right.” Strange believes the additional time will give Pain the opportunity to engage with key shareholders and AIFA looks ...