Firms face "race against time" to get RDR-ready

A Focus Solutions Group survey polling 28 IFA firms of varying sizes in Q1 reveals a quarter either lack any understanding of the RDR or have only a basic understanding of the regulatory framework due to come into effect at the end of 2012. Although half of respondents say they have a broad understanding of the RDR, Focus Solutions training and consultancy director Alison Young says those firms lagging behind must act now before it is too late. "The survey backs up the fact some firms face a race against time to get ready for the RDR and these firms need to crack on," she says. The...