RDR: FSA mulls pure protection crackdown

It says such a shift could lead to consumer detriment, adding it will "review closely" whether it needs to change its regulatory approach to pure protection markets. In today's RDR Consultation Paper, it asks if any consumer detriment would arise if it implemented the RDR proposals for the sale of retail investment products and took no action on regulating the sale of pure protection products. "Were there to be no change in the regulation of sales of pure protection products by retail investment intermediaries, this could act as an incentive for some firms to shift their sales focus t...