View more on these topics

FSA delays RDR feedback statement

The FSA has announced that it will delay publishing feedback on the RDR discussion paper until November.

According to the current FSA timetable, a feedback statement was due to be published in late October.

The regulator says in light of the appointment of Jon Pain as managing director of retail markets, the statement is being moved back to November to enable him to “fully engage with the process” before delivering the next stages of the RDR.

The feedback statement will include the full feedback received during the discussion period along with the FSA’s decisions on the future implementation of any regulatory changes coming out of the RDR and the timetable for formal consultation on those changes.

FSA chief executive Hector Sants says: “The RDR is one of the most significant projects in the retail agenda and the intention is that it will bring about lasting improvements for consumers and firms in the retail investment market.

“Rightly, Jon Pain views this important piece of work as one of his key responsibilities and wants to ensure that he is fully involved in shaping its delivery. Therefore, as Jon only joins the FSA in early September, we have agreed that it is right for the feedback timetable be moved by a few weeks. We anticipate no slowing down of the overall programme of work.”


Out with the old, in with the banker

Praise, speculation and conspiracy theories kicked off last week following the announcement that Jon Pain will take over as managing director of retail markets at the FSA.

Case for the defence

It should be made clear that at no stage have I accused Adam Samuel of showing any sympathy for the Pickerings and their legal battles against the Financial Ombudsman Service.

Rayner Spencer Mills: Why we rate the Artemis Global Growth Fund

Ken Rayner and Graham O’Neill from RSM explain why they rate the fund, its investment process and how it can be used in a portfolio. The Artemis Global Growth Fund became a RSM ‘rated’ fund earlier this year. In this video, Ken Rayner and Graham O’Neill explain the fund’s investment approach, why they rate it, […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm