This is the regulator's final Retail Distribution Review (RDR) newsletter, as the policy is now largely in place and compliance will be monitored through the FSA's supervision work.
Linda Woodall, FSA's Head of Investment Intermediaries Department, said: "Our supervisory approach for the RDR will reflect the new FCA approach to supervision – some firm-specific work, but also increasing use of thematic work. It has taken six years to review the market, to put in place rules and then give advisers and firms time to prepare. I am very encouraged by the results of our adviser readiness survey, which will be published shortly. It shows that the vast majority of advisers have embraced the changes and worked hard to get an appropriate qualification."
The newsletter looks at the following topics:
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Passive investments
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New market developments – social investments
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A reminder about the new RDR data requirements
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Supervising compliance with the RDR
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Receiving adviser charges over a period of time
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Adviser readiness research
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Reviewing systems and controls
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Questions on the RDR.
In order to help all firms, the FSA has published details of the most common questions asked, along with the answers
given, on its
website. The regulator
intends to publish further Q&A documents in the next few months, which will answer commonly asked questions from events held this year.
© FSA - Financial Services Authority
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