Lots of RDR headlines…so what actually happened?

The FSA published three papers. The first and most important - because it represents the FSA's final rules - concerns adviser charging and service labelling post 2012. The second concerned the role of platforms in the new model advice world, but this was a discussion paper, the stage before consultation. Still, this was the paper that generated the most response. The third, meanwhile, was a short consultation paper (well, short for the FSA at 32 pages) concerning the sale of pure protection product by retail investment firms. We'll deal with each paper one at a time and as briefly ...