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6th Jan 2014
Feature article from Nigel Chambers in Time 4 Business - January 2014.
One of the biggest challenges for compliance officers in adviser firms post RDR will come into force in April 2014. I'm talking about the new FCA illustration regime that will affect all savings products.
The main bastion of RDR is clarity for the consumer. Yet the FCA Conduct of Business rulings on client-friendly illustrations in my view are going to cause compliance officers some big headaches and make it more not less difficult for clients to get clear comparable numbers on which to make a decision. In some cases they could act as a disincentive to save.
Read on - full article in print is here