View more on these topics

RDR CP: FSA estimates £430m compliance cost of RDR

The FSA estimates that incremental compliance costs relating to the implementation of the retail distribution review will be £430m as a one-off cost and £40m a year.

In its consultation paper released today, the FSA has estimated that the direct cost of implementing the RDR will be £2m one-off and £1.2m annually.

It says there may also be short-term costs arising from market exits by advisers and increases in product prices.

In a separate paper also released today, research by Deloitte for the FSA found that directly authorised firms expected the one-off costs of compliance per adviser to be £4,567. Annual ongoing costs of compliance per adviser were estimated to be £3,321.


Principle buoy

Ethical funds have always inspired debate in the financial industry, with opinion divided or whether they can stand up on investment as well as moral terms.


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