Advisers and providers will need to prepare for a barrage of legislation over the coming year. Steve Groves looks at some of the issues they will need to be aware of
Few people in the financial services industry can be unaware of recent significant pieces of legislation which have been introduced either domestically or through Europe. On 31 December 2012, the Retail Distribution Review (RDR) comes in and providers and advisers are expected to be compliant. Meanwhile on 1 January 2013, Solvency II, which seeks to facilitate the development of a single market in insurance services in Europe, while at the same time securing an adequate level of consumer protection, will come into force. In 2013 the way insurance companies account for profit is sched...
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