Top secret talks to delay RDR

It has held several meetings with the Association of IFAs (AIFA), the most recent being last week, after the trade body argued the dual pressures of the review and the economic environment would "drive good firms out of business". However, so far the regulator says it remains committed to its current timescale, which demands all RDR recommendations are met by the end of 2012. In its RDR feedback statement, published in November, the FSA announced increased capital and qualification requirements for firms and proposed splitting the advice market into 'independent' and 'sales' advisers. ...