FSA report offers fresh insight

In its Retail Distribution Review, the FSA's subsidiary discussion paper on the role of wraps and fund supermarkets has been largely overlooked. This could prove costly, as contained within there are some fascinating insights into what is becoming a rapidly growing sector

Over the past few months, the Retail Distribution Review (RDR) has dominated financial advice industry discussions, blogs and headlines. No doubt it will continue to do just that for the immediate future, at least. There are many angles to look at this from, but it is safe to conclude at this stage that most IFA firms find more to disagree with than to welcome in the main paper, particularly in the areas of definitions of 'independence' and 'customer-agreed remuneration'. While attention has focused - and quite rightly so - on the RDR, the FSA's subsidiary discussion paper (also forming p...