FSA flexing its muscles with RDR letter, observers say
A "Dear CEO" letter from the FSA on RDR is seen as a harbinger of its new interventionist stance
The UK Financial Services Authority (FSA) is setting out its stall as a proactive, interventionist regulator with a "Dear CEO" letter on the Retail Distribution Review (RDR), industry experts say. The letter, sent this week to a sample of life insurers and independent financial advisers, expresses concerns about firms trying to circumvent the adviser charging rules laid down by RDR.
The letter
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