AIFA: RDR must not force good firms out of business

In its RDR Manifesto, the IFA trade body says no good firm or adviser should be put out of business by ‘arbitrary dates’ imposed by the regulator. The Manifesto reads: “We believe that the costs of the RDR proposals risk the financial stability of firms given the economic environment. We call on the FSA to reconsider the transition period, and cumulative cost of current regulatory interventions. A new and more detailed cost benefit analysis is needed.” AIFA renewed its call for the regulator to reward firms that invest in their business and its people to deliver RDR outcomes. “To m...