Announcement by the FSA to delay the Retail Distribution Review final feedback paper to November

If you are writing on today’s announcement by the FSA to delay the Retail Distribution Review final feedback paper to November, please consider the following comment from accountants and business advisers BDO LLP.

Paul Gough, Head of Retail Financial Services, at BDO says:

“The Retail Distribution Review (RDR) is a complex paper and there are a number of issues that still need to be fully resolved, including the issues of the definition of advice and remuneration of advisers.  While this is not a significant delay, it is more important that the FSA get it right rather than rushing the feedback through.”

“However, one impact the delay will have is on those who have arranged meetings and seminars in the early part of November to discuss the results,” he continues.  “These will now need to be rescheduled to the early part of December or even the New Year.”

“The delay will potentially allow Jon Pain (the new Managing Director of retail markets) time to stamp his mark on the paper, and hopefully improve the released material,” continues Gough.

“We await November’s feedback with interest,” he concludes.

For more information, please contact Dee Crooks at BDO on 020 7893 2761 or email

Notes to editors:

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