Has the FSA got the rules right with RDR?

As we enter 2013, a number of people are asking themselves whether this regulatory re engineering project is going to be worth it and whether the price of change will prove justified.

Is what the FSA has delivered for RDR, in its inducements and adviser charging regime, sufficient and sufficiently clear, or is it not fit for purpose?  End to end, the entire RDR project will have taken six years, three months and 15 days, starting from a speech given by the (then) chairman of the FSA, Callum McCarthy in September 2006 at Gleneagles titled Is the present business model bust? Or you could say seven years, three months and 15 days, if you take into account the FSA’s new regime for intermediate unitholders. This will require platforms and other kinds of nominees to pass...