RDR client rebate alternative an 'appalling prospect': IMA chief

In September 2006 I sat in the annual JP Morgan conference at Gleneagles listening to the then FSA Chairman making the speech which launched the retail distribution review. I don't think anybody there thought for a moment that it would still not be fully implemented over four years later. To be fair to the FSA, they have had some other things to think about in that time. The biggest financial crisis in nearly a century, for one. A new Government with radical regulatory reform on its mind, for another. But even so this has been a long time coming. And the outcome is a surprise. Its gen...