The Financial Services Authority is looking at how regulation is acting as an 'unecessary barrier' to market development, and plans to outline its findings at the unveiling of the results of the retail distribution review in June.
It says a discussion paper will be launched at a conference on 27 June, outlining the results of the review which was launched in June last year, specifically focusing on five major themes; the sustainability of the retail distribution sector; the impact of incentives; professionalism and reputation; consumer access to financial products and services and regulatory barriers and enablers. In a speech last year Callum McCarthy, chairman of the FSA, criticised the industry’s current business model suggesting it was broken, and at the conference in June he is scheduled to speak on ‘a great op...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes