Abandon hope RDR will not happen - FSA

Speaking at the launch of AIFA's FFWD Online Business Transition Academy, FSA director of conduct policy Sheila Nicoll said: "I know there are still some who hope this [RDR] will not happen, but I must stress the FSA is committed to maintaining momentum and delivering against our objectives." Nicoll also reiterated proposals in the review equate to the "effective banning" of commission. "Advice comes at a cost," she said. "It is important customers know what that cost is, as well as what the cost of the product they are buying is. "We think removing an opaque pricing and incentive ...