The RDR has become Smaug, the dragon from The Hobbit.
Innovative new national pension scheme called NEST seeks attentive, well-established fund managers willing to work hard for a small amount of money but lots of prestige.
Last week showed the contrasting fortunes of two of the most well-known fund management groups in the UK market.
Uncertainty, volatility and risk aversion continue to dominate investor sentiment in most markets.
There have been several press comments recently from organisations questioning whether the use of model portfolios will impact a firm's independent status post RDR.
So Roger Guy is ‘retiring' from day-to-day fund management and CIO Dominic Rossi is off, barely five minutes after it seems he started.