RDR read-across could damage UK pension market

  In its latest RDR consultation paper, the FSA revealed it would consult on the potential for introducing similar remuneration rules in the group market as it has proposed for individual advice. However, insurers say it may prove impossible to transfer the adviser charging model to GPP sales, and some worry it could do further damage to the UK’s savings ratio. In last week’s paper, the FSA says: “If we do not apply the principles behind Adviser Charging to unadvised GPP business, we may run the risk that our proposed rules on Adviser Charging could be circumvented in this market.”...