What will the next RDR review mean for investors?

Warnings of a regulation "crackdown"

With a planned review of the Retail Distribution Review (RDR) scheduled for some time this year, fund managers and advisers should not be expecting the regulator to take its eye off the ball when it comes to product governance.

If warnings of a 'crackdown' on product governance are anything to go by, 2019 could turn into a year of enforcement. Is this the right approach, however, or should the Financial Conduct Authority (FCA) be concentrating on giving product manufacturers and distributors clearer advice and support, which is easier to use? Following the introduction of MiFID II in January last year, media reports have suggested the FCA is intending to crack down on non-compliance with product governance rules. While there are other areas of regulation that equally need review, fund managers and adviser...