Regulatory correctness

The Retail Distribution Review (RDR) has been the talk of the industry for the past few months particularly the regulator's decision not to include protection. Many commentators have expressed their concern at its omission arguing that financial products cannot be dealt with in silos. However, the Financial Services Authority (FSA) remains firm in its views. During a filming session with COVER (see www.covermagazine.co.uk for full coverage), Andrew Honey, head of insurance at the FSA's small firms division, said the RDR did not include protection because the regulator simply separates pro...