FATCA will be ‘as big as RDR', industry leaders fear


Industry leaders have warned the upcoming FATCA regulations from the US are "as big as RDR" and could cost the UK hundreds of millions of pounds.

Schroders' managing director Robin Stoakley said he is concerned fund groups and platforms are not doing enough to prepare for regulation that could be a game-changer on the scale of the Retail Distribution...

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