Advisers slam FSA's 'woeful estimates' on RDR cost

Pow, Helen
July 2009
Money Marketing;7/2/2009, p3
The article reports on the criticism made by financial advisers on the approach used by British Financial Services Authority (FSA) to calculate retail distribution review costs in 2009 in Great Britain. It states that FSA hired Deloitte Consulting LLP, wherein Deloitte asked financial advisers and capitalists to estimate the costs. According to Rob Reid, managing director of Syndaxi Chartered Financial Planners, the estimation made by advisers was unreliable.


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