RDR

AIFA policy director Andrew Strange has called on the FSA to provide a "sensible" transition period of at least five years for advisers to gain post-RDR qualifications.

The level of apathy among advisers for the implications of the Retail Distribution Review (RDR) is "considerable", a study suggests.

Almost one in six financial advisers will leave the industry if the Retail Distribution Review's (RDR) proposals are accepted in their current form.

The outcome of the Retail Distribution Review (RDR) should not matter as advisers must change their business models to succeed anyway, according to transition planner FP Advance.

The Retail Distribution Review (RDR) will cause the financial advice market to become segmented in the next five to ten years, according to Nick Cann, chief executive of the Institute of Financial Planning (IFP).

There is a major risk of banks undermining the value of advice because of proposals made in the Retail Distribution Review, warns Ivan Martin, executive chairman of Sesame.

Private client seminars will be vital to enhance client value in the post-RDR world, the founder of online adviser forum IFA Life says.

Short of a plague of locusts (which at this juncture would not come as a real surprise) there is not much more that could hit the financial services industry this summer.

Advisers who think their firms may go under following the implementation of the RDR should consider selling now while their firms are good value, according to Clerical Medical head of intermediary strategic planning David Shelton.