FSA tells advisers 'we hear you' as RDR timetable changes

Stephen Bland, FSA director responsible for small firms, says feedback it has so far received on the RDR suggests the industry does not want the term to be characterised only by the influence of providers on remuneration. “They do not think an adviser that only offers advice across a limited range of providers can truly give independent advice,” he says. “We hear you.” Bland made the revelation after the FSA announced it will publish feedback on the Retail Distribution Review (RDR) in April 2008 - two months ahead of schedule – before confirming its final plans for the industry six months...