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Bowe set to leave RDR role

Amanda Bowe will step down from her role as head of the retail distribution review after the RDR feedback statement is published in October.

She will move to the regulator’s financial capability unit as head of strategy, partnership and evaluation.

As part of her new position, Bowe will be responsible for rolling out the regulator’s money guidance initiative, which is due to launch early next year.

An FSA spokeswoman says: “This is an exciting role that Amanda wanted to take on. The money guidance project is a huge piece of work to deliver and will provide new challenges.”

The regulator refused to discuss any possible replacement. FSA director of retail policy and themes Dan Waters has been overseeing the RDR at senior level.

Informed Choice managing director Nick Bamford says he does not believe that Bowe’s departure will have any effect on the direction of the RDR.

He says: “Amanda has done a good job and I think it has got enough impetus behind it to follow through to conclusion. As long as the FSA is not convinced by the banking sector to change direction, then the FSA senior management will see it through.”

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