FSA: Large firms may be stalling fees shift on purpose

Linda Woodall, head of investments department at he FSA, said there are probably "issues around competitiveness" as bigger businesses are reluctant to reveal their propositions while their rivals are still building theirs. It follows figures published by the FSA suggesting that just over a third of large firms have begun to implement plans to be completely RDR-compliant by January 2013, compared with more than two-thirds across the rest of the industry. Woodall told IFAonline: "There may be commercial reasons for large firms lagging smaller firms in their preparedness for RDR. "It ...