The Association of IFAs (AIFA) is offering every adviser the chance to have their say on the proposals in the Retail Distribution Review (RDR) via an online survey.
The questionnaire, which the Association says could take an hour to complete, covers issues including commission and customer agreed remuneration (CAR), a two-tier adviser system, qualifications and independence.
All advisers have been given the chance by the FSA to comment on the RDR but some have complained the regulator hasn’t made itself accessible enough.
This is despite the regulator offering to visit any part of the country showing significant interest to discuss the proposals.
Chris Cummings, director general of AIFA, says every adviser should stand up and be counted.
“The RDR proposes the greatest changes ever to IFA businesses, individual IFAs and their clients,” he says.
“We are working relentlessly on behalf of our members to ensure that the outcome delivers a better market for professional advisers – not just a different one.
“To ensure that AIFA’s response to the FSA on the RDR truly reflects the views of its members, we urge all IFAs to complete this survey.
“It is detailed and may take up to an hour – but one hour is a small price to pay for helping to shape the future of the industry.
“Every single reply matters so we urge individuals to spare the time. The proposals in the RDR are not a “done deal” so if IFAs want their views to be considered they need to voice them.”
AIFA says the survey is being emailed to all of its members today. It can also be found here.
If you would like to comment on this story, contact:
020 7034 2636
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