RDR interim report: FSA mulling IFA incentive scheme

Following feedback from IFAs, the RDR interim report suggests the regulator intends to explore all forms of incentives, including non-monetary regulatory dividends, for firms who deliver good consumer outcomes. It also might include incentives for individuals to seek higher qualifications than the minimum requirements. Last year's RDR Discussion Paper proposed the use of risk-based prudential requirements as an incentive to achieve higher professional standards and to adopt remuneration practices that are not influenced by product providers. “Feedback from the IFA community, particu...