Business plan 2008/09
We have a busy programme of work to ensure we drive up standards of small retail intermediaries and help them deliver on TCF by the December 2008 deadline.
We aim to do this in two ways. We are increasing our supervision of – and contact with – small intermediaries to help them 'up the pace of change' and make faster progress on TCF. And we will undertake a range of TCF related thematic projects.
The Retail Distribution Review (RDR) is another key piece of work which will affect small retail intermediaries in the investment market. The RDR was launched in June 2006 in response to longstanding problems in the market for the distribution of retail investment products. In June 2007 we publicised a Discussion Paper setting out initial ideas for change. These were based on the suggestions of groups of industry practitioners and consumer representatives whose views we had sought. We will publish an interim report in April 2008 on the key areas of feedback received and the issues and proposals that require further discussion and analysis.