How to satisfy a data-hungry regulator

Firms are about to see something of a sea change when it comes to the data they have to supply to the regulator on adviser and consultancy charging revenue, payment methods, client numbers and overall charging structures adopted by practices. Introduction of the new rules with regard to RDR will necessitate a far more data-hungry FSA. To clarify exactly what it will expect of firms from 2013, it recently published consultation paper CP11/08: Data Collection. Challenging the status quo Looking at the proposals, it will be obvious to many firms that their current methods and the syste...