The timetable and structure of the RDR will remain unchanged, the FSA says, despite announcing a major restructure of its retail division.
It says while RDR head Dan Waters will step down from his current role as head of retail policy to head up a new unit, the remainder of the team will remain unchanged. Waters will head up the retail conduct risk division - previously part of the retail policy unit - which will enable the FSA "to focus more on ensuring firms are achieving the right consumer outcomes". The FSA says it is in the process of appointing a director to replace Waters in retail policy and is not confining its search internally. "Nothing will be affected on that [RDR] front," a spokesman says. "The people worki...
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