The future of financial services - RDR

The FSA has published its latest consultation paper on the retail distribution review.
The key decisions in CP09/31 ‘Delivering the Retail Distribution Review’ are:
It has decided not to establish an independent professional standards board, preferring to use an ‘internal’ model that will see it work closely with existing professional standards bodies.
On qualifications it has published a list of qualifications from 13 insitutions that meet the transitional arrangements for the move to level four.
Protection has been kept out of RDR but the FSA says it will consult further on commission disclosure for pure protection products.
On group pensions it has developed a new concept called ‘consultancy charging’ to replace ‘arranger charging’.