AIFA wants 'sensible' five-year RDR qualifications transition

In an interactive discussion with IFAs, Strange says while it is difficult to predict the final requirements, the future exam structures will likely be driven by market forces. Strange wants any new qualification standards to have an evolution period in excess of five years, to avoid any potential “advice blight”. “When you consider the regulatory agenda, and the current market conditions which show no signs of improvement, I agree that a sensible length transitional period should be applied,” Strange says. The policy director expects to see the qualifications market expand, as soon a...