Hopes a victorious Conservative Party will do away with the RDR in its current guise after the next General Election are misplaced, network IFA Intrinsic says.
George Higginson, managing director of commercial development, says existing proposals to ban commission and enhance advisers' minimum qualification requirements will be implemented under a Tory administration.
Speaking at The Mortgage Event in London, hosted by IFAonline's sister title Mortgage Solutions, Higginson said: "Anyone who thinks 'do not worry, the Conservatives are coming, all this will go away', is fooling themselves.
"I have read the Conservative policy document and that is not the case. There is no way David Cameron will stand up and say we do not need better qualified advisers."
The RDR becomes policy in the first quarter of 2010 and currently applies to the sales of pensions and investments.
The FSA today said RDR legislation, including the implementation of adviser charging, will not be extended to the mortgage market, but Higginson says there may yet be a revised qualification programme for mortgage advisers.
"The FSA is already looking at a new paper," he says. "But do not panic - it will not be as difficult as the diploma-type qualification required for investment advisers."
Caring for children and elderly relatives
Similar to June 2007
Square Mile’s series of informal interviews
Fine reduced to £60,000
Two roles created