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 ...
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