The FSA has a lot to prove over the coming months and advisers could bear the brunt says Alex Ellerton, associate director at BDO.
As we edge closer towards January 2013, it is worth taking a moment to step back from the detail of retail distribution review (RDR) project plans that chart the progress of a multitude of finely-tuned work streams, to consider the broader objectives of a regulator with something to prove over the next 16 months. Retail investment firms should now be well acquainted with the work required to refine business models in light of new independence requirements, to implement their unique approach to adviser charging and to ensure all advisers meet the new professionalism requirements in good t...
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