Sesame says 500,000 clients would benefit from RDR delay

Scott Sinclair
clock

Sesame Bankhall Group today backed MPs' call for a 12-month delay to the implementation of RDR, saying the move could mean an additional 500,000 clients continue to benefit from advice from its IFAs.

A delay would mean more advisers would be able to meet the Review's requirements, it said. The FSA rebuffed the call from the Treasury Select Committee for a delay to RDR, saying it plans to press ahead with plans to roll out the Review's recommendations from 1 January 2013. But Sesame Group executive chairman Ivan Martin (pictured) said: "We welcome the TSC's recommendation for a delay. "The economic turbulence of recent years has pitched adviser firms into an operating environment that is far removed from the one that existed when the FSA initiated the RDR in 2006. "The TSC's ...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on RDR

RDR ten years on: An advice industry changed for the better
RDR

RDR ten years on: An advice industry changed for the better

'The end of the advice industry as we know it'

Kevin Silvester
clock 08 February 2023 • 2 min read
RDR

Deja vu: Are we heading back to the future on commission?

Marty, fire up the DeLorean

Tim Sargisson
clock 13 January 2016 • 3 min read
RDR

Blog: How can we shrink the advice gap?

The advice gap has been a popular topic since the Retail Distribution Review, but hasn't this gap always existed?

clock 02 November 2015 •