Battle for independence: proving your position

While the majority of adviser firms will have prepared well in readiness for the Retail Distribution Review (RDR) ‘go-live’ date of 31 December 2012, there may be some who were relatively relaxed about their compliance with the new rules and are currently labouring under the potential misapprehension they will be subject to a ‘grace period’ to get up to speed. This is a dangerous presumption to make as everything that has been published to date suggests any action the regulator takes – be it the Financial Services Authority (FSA) or the Financial Conduct Authority (FCA) once it assumes s...