IFP weighs into RDR delay debate

Cann says there are too many advisers who will struggle to reach QCA Level 4, a minimum qualification requirement central to the review, by the current deadline of 31 December 2012. He argues the slow progress will see too many advisers pushed out of the industry in one fell swoop, forcing the regulator to delay its plans. "There are around 85,000 individuals who will need to get to Level 4, including stock brokers and bankers," Cann says. "Publicly the FSA will be committed to the RDR timetable, but it will be keeping checks on their progress to see if they are sticking to the deadli...