The Financial Conduct Authority (FCA) spent £3.3m on overseeing the Retail Distribution Review (RDR) last year, according to its annual accounts, a 37.5% increase on the cost of the rule change before implementation.
Part of its ongoing regulatory activity costs for the year of £434.5m were due to oversight of the RDR, which cost the FCA £3.3m - up from £2.4m in 2012/13. However, its 'regulatory reform' costs were...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till