Sesame Bankhall executive chairman Ivan Martin has warned IFAs not to rely on any radical overhaul of RDR, despite expressing concerns about the changes being made.
Closing out the Sesame Symposium in London yesterday, he insisted the group had been working hard to voice concerns about regulatory changes and particularly the negative impact they may have on consumers.
However, despite increasing attention being given to the RDR by MPs, with a three-hour debate on the issue expected soon in Parliament, he urged IFAs not to raise hopes of a reversal by the FSA.
"All the feedback I get from political and regulatory circles is that the RDR will be implemented as planned in January 2013.
"So we will continue to campaign for the best outcome, but please do not hang your hat on the RDR suddenly going away."
Martin also criticised Mark Hoban's recent comments on existing IFA qualifications during a parliamentary debate.
He added: "We believe that higher professional standards and greater transparency are the right foundations upon which to build consumer confidence.
"And that is despite the inflammatory and ill-informed comments from ministers that compare IFA minimum qualification standards to a McDonalds shift manager - pretty unhelpful."
Despite accepting the likelihood of RDR implementation, Martin did warned about some of its failings.
He said: "We have attacked weaknesses in the FSA's own cost benefit analysis to highlight shortcomings in the regulator's approach, rationale and lack of consultation.
"The success of the RDR hinges on the benefits to the British public outweighing the costs of delivery."
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