Racing to the RDR finishing line

With only 30 months to go, many advisers are facing a race against time to be RDR-ready by the December 2012 deadline. Promising to provide a “golden opportunity” to re-build consumer trust, the regulatory shake-up demands advisers are qualified to a higher minimum level: QCF Level 4, or the equivalent of the first year of a university degree. The move, the FSA says, aims to increase the professional standards of advisers and ensure IFAs are regarded as being on a par with other professionals, such as lawyers and accountants. Although it is rare to hear stakeholders oppose an impro...