During the early phases of the RDR there was a great deal of very well organised consultation on the shape that the programme should take, and industry stakeholders of all shapes and colours were extensively involved.
At the time, and often since, I commended the Financial Services Authority (FSA) for the most highly effective and inclusive consultation process that I had seen in my 20 years working in the sector. However, in recent months, I must admit to being more concerned. Although there is a delivery schedule for the RDR, the detail of the rules should be properly worked through, and not rushed. Take the recent rules regarding the transfer of trail commission. I don't think anyone would disagree that trail commission, in respect of initial services or in lieu of an upfront advice payment, sho...
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