Senior FCA official sees cause for concern in RDR implementation
A senior official at the UK Financial Conduct Authority said the regulator sees shortcomings in the way some market participants have responded to the Retail Distribution Review
Clive Adamson, head of supervision at the UK Financial Conduct Authority (FCA), has said that the FCA harbours concerns about the way firms are responding to the Retail Distribution Review (RDR).
Speaking at a Morningstar conference in London on May 15, Adamson said that while he believes advisers have largely achieved the professional standards mandated by the new law, the regulator still sees shortcomings. "We understand that the adjustment of business models will take time, but we do want to
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