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

Will general election call shake up pensions policy agenda
With the Prime Minister calling for a summer election, LCP Partner David Fairs looks at how this could affect the pensions policy agenda. What does th
Risk Transfer do more insurers mean more capacity
Nikhil Patel takes an in-depth look at current trends in the risk transfer market, including the implications of record-breaking demand and how new en
Aiming for calm seas in our market reforms
The size and scale of the UK financial sector is worth reflecting on. It employs more than 2.5 million people and produced £278bn of economic output,

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.