Wheatley regrets six-year RDR timespan

Carmen Reichman

Martin Wheatley, the chief executive of the Financial Conduct Authority (FCA), has said the regulator regrets the time it took between the conception of a Retail Distribution Review (RDR) in 2006 and the roll-out of new rules more than six years later.

He admitted at an RDR update on Monday it had taken the regulator "an awful long time, many people would say too long" to put together the RDR framework that came into effect on 31 December 2012. Wheatley...

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