FCA to monitor 'unintended consquences' of RDR

Speaking at the Wealth Management Association annual conference today, FCA chairman John Griffith-Jones highlighted industry issues such as suitability and the advice gap. He said: "I would argue that what we have now is very clearly an improvement over what we had before. Yes, there may be side effects or unintended consequences, and over the coming months we at the FCA will monitor those very closely. "We are very alert to the advice gap and very interested to see where you, as part of a very competitive marketplace, go for new solutions that might meet [this]." The second proble...