Sants departure will not impact RDR - PFS

Laura Miller
clock

Hector Sants' departure as chief executive of the FSA will have no bearing on the RDR, despite it coming just two years before the 2012 implementation deadline, the Personal Finance Society (PFS) says.

In his three year stint in the role during the worst financial crisis for 80 years, Sants had more important things on his mind than the RDR, preferring to delegate out work on the changes, says PFS chief executive Fay Goddard. "Hector was not directly involved in the RDR, so no disruption to the timetable is likely. I do not expect any problems there," she says. Goddard says she is not surprised Sants is choosing to leave in the Summer, given the continued uncertainty surrounding the impact on the FSA of a change of government at the next General Election. "Hector stayed during a ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Next steps 'coming soon' for FCA's ongoing advice services review

Next steps 'coming soon' for FCA's ongoing advice services review

Regulator ‘concerned’ that clients are paying for services that are not being delivered

Isabel Baxter
clock 27 November 2024 • 2 min read
FCA and FOS release call for input to modernise redress system

FCA and FOS release call for input to modernise redress system

Comes after Rachel Reeves’ Mansion House speech

Isabel Baxter
clock 15 November 2024 • 3 min read
Chancellor targets FOS modernisation and FCA consultation

Chancellor targets FOS modernisation and FCA consultation

Consultation part of the advice guidance boundary review

Isabel Baxter
clock 14 November 2024 • 3 min read