The FSA is not making a 'realistic attempt' to involve the wider IFA community in consultation sessions for the Retail Distribution Review (RDR), according to Phil Castle of Financial Escape.
Castle says limited places at the seminars are not sufficient to involve all firms and the FSA has not made enough provision for those unable to physically attend the sessions to get involved. In a letter to the FSA events team and IFAonline, Castle says: “I wish to ensure my firm is able to at least make itself heard and ensure that the opinion of the majority of small IFA firms is heard too and not just the Providers, Bankassurers and Networks. “I am surprised therefore that in view of the numbers of directly authorised firms with only one or two advisers, you have only laid on 13 semin...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
