FSA warned 'do not disrupt distribution'

Commenting on the current Retail Distribution Review in its annual report, the Panel says it “broadly agrees” with the FSA’s suggestion there might be certain flaws in the current distribution system for some retail financial services products. However, Panel members have expressed concerns “over the momentum that appeared to be building behind this Review”. It warned the FSA “not to disrupt the current distribution system without first being able to propose a viable alternative”. The Panel also questioned some of the initial comments made by the FSA on distribution which it says were...