June 20, 2013

FSA warns of innovations not in the ‘spirit’ of RDR

The FSA is set to assess the effectiveness of RDR implementations by financial advisers according to a new report. Website compliancy-services, via the FTadviser indicate that advisers are set to be assessed at four stages throughout the next 12 months.

An FSA spokesperson has told the media that:

“People might be coming up with innovations but which are not in the spirit of RDR.”

 

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