FSA postpones RDR feedback statement

According to the regulator's timetable, a full feedback statement was due to be published in late October. However, the date has been moved back to enable incoming managing director of retail markets, Jon Pain, to fully engage with the process before delivering the next stages of the RDR. Pain takes up his new role on 8 September. Hector Sants, chief executive of the FSA, said: "The RDR is one of the most significant projects in the retail agenda and the intention is that it will bring about lasting improvements for consumers and firms in the retail investment market. "Rightly, Jon Pa...