Articles - Deloitte comments on the FSA's Platforms Policy paper on RDR


 In light of the FSA’s long awaited Platforms Policy paper on the retail distribution review (RDR), Deloitte, the business advisory firm, says there is no time to waste if operational and control issues are to be tackled in time for the RDR deadline of 31 December 2012.
 
 Andrew Power, lead RDR partner at Deloitte, the business advisory firm, comments:
 
 “Many in the industry have been putting off decisions until the FSA published its paper.  While the paper provides clarity on a number of matters, the major issue around cash rebates is not finalised, thus firms are going to have to make progress based on informed judgements rather than absolute certainty, if they are to meet the regulator’s deadline.  The bottom line is that action cannot be deferred and, now, the onus is on careful planning and speed to execution.
 
 “In order to meet deadlines, platforms will need to focus on the simplification and standardisation of their approaches to tackle the operational issues related to handling unit rebates, corporate actions and re-registration.  A greater degree of interaction with end customers, manufacturers and distributors will be also be critical given the interdependencies between platforms.  As firms absorb the FSA’s latest guidance and assess its effect, it will also be essential that discussion takes place between the various parties if an effective and viable post-RDR platform market is to be developed.”

Back to Index


Similar News to this Story

Mean Reversion in Equities
A common argument in favour of equity investments is that, even though they go down, they will bounce right back up again. Commentators may advise “
How to get the most out of your insurance consultant
More than half of UK life insurance companies (59%) will spend more on actuarial consultants in the next year. This is one of the key findings of our
Video of what a cyber attack looks like in the real world
Hackers and their scams live behind keyboards. Invisible and faceless. Hiscox show how it would look ff cyber crime happened in the physical world, th

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.