This will be a short week on the run up to Easter but it is not a correspondingly short Newsletter but a bit of a monster with essential information for all intermediary firms.

Page 1 first article is a must read for all firms as this is the FSA’s policy statement for the Retail Distribution Review (RDR) and spells out the remuneration options for advisers. Sheila Nicoll spoke in more detail at a meeting of the Association of Luxembourg Funds Industry and you can find a 16 page summary via the link on page 5. Implementation of the RDR is now a little less than 2 years away and almost all firms will need to change their business models which, of course, will take you time.

Platform users need to read the first article on page 2 as this will be another thematic review subject for which you need to take note and prepare. It is useful to read across to the last article on page 2 which provides some practical information.

Mortgage firms are invited to respond to the Mortgage Market Review, page 3, as this is likely to result in some changes in the mortgage market.

If we can be of any further assistance on these or any other regulatory subjects, please remember your helpline 08456 12 12 11 for a without obligation conversation or email admin@ifact.co.uk.

Kind regards

John Derry-Collins
FInst SM AMITD Fcol MInstD MIoD
Director
IFAct Services Ltd
Tel. No. 08456 121 211

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