Informed Choice managing director Martin Bamford says the Chancellor's announcement of a three-year freeze on new regulations for small businesses could derail the RDR.
Bamford says Chancellor George Osborne's Budget announcement of a three-year moratorium on new regulations for small business and start-ups could potentially delay the implementation of RDR until 2014.
"A strict interpretation of what the Treasury said today implies RDR would not be able to be implemented across the board by the end of 2012 and could be delayed to 2014," says Bamford.
The new measure unveiled by Osborne, as part of a raft of business-friendly initiatives, impacts start-up firms and micro-firms, or those with fewer than ten employees. The moratorium comes into effect from April 1 2011.
"The RDR is a new set of regulations and the majority of IFA businesses fall into the micro-business world," adds the Informed Choice boss.
Informed Choice, which has seven employees in addition to five self-employed workers, would fall into the "micro" category.
"It would be interesting to see what the FSA has to say about this," he adds. "Unless the FSA says this is not new regulation, the implications could potentially be significant."
Informed Choice has been one of the most vocal pro-RDR firms and Bamford insists his firm is fully RDR-compliant already.
Elsewhere, Bamford said the Budget was pretty "unremarkable" and, although it contained a raft of pro-business measures such as a 2% reduction in corporation tax, these tended to be skewed towards big businesses or those in specific geographical areas.
Osborne's Budget contained a raft of sweeteners to the business community as he looks to the private sector to kick-start the economy.
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