IFAs are looking at the retail distribution review (RDR) for guidance on changes to the adviser landscape, but Zurich’s Matthew Connell has his eye on a more Europe-centric consultation.
Connell (pictured), head of life and government affairs at Zurich, is focused on RDR’s European counterpart; the packaged retail investment products (Prips) review, which is under consultation at the European Commission (EC).
Travelling to Brussels and Zurich once a month, Connell has become familiar with developments on the other side of the channel and believes decisions made there could have a strong bearing
on UK regulations.
The Financial Services Authority should also be aware of how Europe perceives any rules it sets out in the RDR, he said.
Questioning the rules
‘Prips could define exactly what regulators across the EU have to do and if [Europe] does not introduce adviser charges then the FSA could find itself in a worse position, where the EC says those rules are over and above
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