Networks warned on 'rapid expansion' ahead of RDR

  In its first ever Retail Conduct Risk Outlook paper, published today, the FSA outlines what it considers the "consumer protection challenges" facing firms both pre- and post-RDR. It says in networks' strategic responses to the Review, several have made clear they are considering a "rapid expansion" of adviser numbers. Many are also mulling moving into new product areas, while some are targeting "substantial increases" in product sales, it adds. But the regulator warns this will place extra pressure on firms conduct responsibilities. It says the current economic conditions a...