Expect no more Mr Bedding in regulator, says Matt Timmins, joint managing-director of Simplybiz.
Trade body will seek to change the guidance guarantee if it fails to result in people optimising their retirement income.
Increase in advice population “is living proof that the industry is beginning to prosper”, says Towry’s John Porteous.
“Concerns over consumer choice and competition remain,” even after glowing report into post-RDR progress.
Costs of complying with RDR have been in line or lower than expected.
It’s early days but encouraging signs are out there, FCA policy director says.
Analysis & Opinion
We must not sweep under the carpet where the RDR has fallen short, or get defensive over its legacy.
Introducing our new columnist, one of the best-known figures in retail financial services, Garry Heath
Dec 16, 2014
Excess capacity in advice, but move to holistic planning has left lower-end consumers out in the cold.
From Investments| Nov 13, 2014
Head of UK funds business at JPMorgan Asset Management reveals questions are being asked by regulator about service.
From Pensions| Oct 15, 2014
Mr Hatton said that the reforms have kick started a “monumental shift in how the market is structured”.
From Your Industry| Oct 01, 2014
At variance with the FCA’s views, a Luxembourg trade body maintains that RDR has disrupted access to advice and products, “in some cases severely so.”
Aug 21, 2014
The regulator has been told to re-think the way it deals with persistent non-compliance.
There is compelling evidence that trusts could provide stronger returns for, often, lower fees.