AIFA: RDR must not force good firms out of business

Katrina Lloyd
clock

AIFA has issued a stark warning the costs of the RDR proposals risk the financial stability of many adviser firms, already suffering from the impact of the recession.

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Feel Good Friday: Chartered financial planner to run Manchester marathon 14 months after knee surgery

Feel Good Friday: Chartered financial planner to run Manchester marathon 14 months after knee surgery

Raising money for a money literacy charity Money Ready

Professional Adviser
clock 17 April 2026 • 1 min read
Inside the CII's Corporate Chartered status pilot

Inside the CII's Corporate Chartered status pilot

What next after organisation trails overhaul

Jen Frost
clock 16 April 2026 • 12 min read
Attitudinal targeted support could be 'the way forward' - research

Attitudinal targeted support could be 'the way forward' - research

Investments increased 30% when targeted support focused on attitudes

Sophia Panayi
clock 16 April 2026 • 4 min read