FSA voices concerns over providers' RDR readiness

clock

The Financial Services Authority (FSA) has expressed concerns about provider preparedness for changes set to be introduced following the Retail Distribution Review (RDR).

FSA supervision director Clive Adamson said improvements had been made in the past three months and that he was confident providers would be ready, but he said there was "still a lot to do". In preparation for RDR implementation at the end of this year, a number of fund groups have unveiled new "RDR-friendly" share classes, while some providers and platforms have revealed more details about their post-2012 charging models. Asked at a Marketforce conference about provider readiness for the changes, Adamson said the regulator was seeing a "mixed pitch". "Back about three months ago, ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Professional Adviser TV: Remaining client centric in a time of increased regulation and digital demands

Professional Adviser TV: Remaining client centric in a time of increased regulation and digital demands

Kevin Bailey and James Sullivan also unpack what value looks like

Professional Adviser
clock 04 July 2025 • 1 min read
Targeted support: FCA shuns 'overly prescriptive' approach to vulnerability

Targeted support: FCA shuns 'overly prescriptive' approach to vulnerability

Considered prescribing how firms should support ‘vulnerable consumers’

Isabel Baxter
clock 30 June 2025 • 2 min read
Targeted support: 38,000 current advice users expected to switch

Targeted support: 38,000 current advice users expected to switch

Firms could generate up to £499 in revenue per customer

Isabel Baxter
clock 30 June 2025 • 4 min read