FCA chairman defends RDR project

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Financial Conduct Authority (FCA) chairman John Griffith-Jones said he is glad the Retail Distribution Review (RDR) did not take longer than expected, adding it achieved its aims despite failing to distinguish between guidance and advice.

The chairman told delegates at the annual dinner for members of the Association of Professional Financial Advisers (APFA) the regulator had achieved most aims apart from being clear on guidance versus...

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