Former FSA retail chief says RDR deadline 'feasible but tight'

clock

Clive Briault, the former MD of the FSA's retail business, says it could be tough for adviser firms to meet the 2012 RDR implementation deadline, especially if they have not started preparations already.

However, he is still supportive of the RDR proposals which he helped develop and has no doubt that improving professional standards and introducing adviser charging is the right way to go for the industry. "The key outcome is to end up with a higher standard of advice in the country that people are more trusting of and more comfortable with," he says. Since leaving the FSA in April 2008 with a huge £380,000 payout during the fall-out from the Northern Rock debacle, Briault has seen at first-hand the impact of the RDR on adviser firms. He is currently non-executive director of Horsham-...

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: Brooks Macdonald gives sports wellbeing advice

Feel Good Friday: Brooks Macdonald gives sports wellbeing advice

Wealth manager has partnered with charity Sporting Wellness

Professional Adviser
clock 03 May 2024 • 1 min read
Adviser guide aims to 'demystify' Consumer Duty annual reporting

Adviser guide aims to 'demystify' Consumer Duty annual reporting

Firms to produce first annual Consumer Duty board report

Sahar Nazir
clock 02 May 2024 • 1 min read
Behavioural coaching a 'tough sell' among prospective clients

Behavioural coaching a 'tough sell' among prospective clients

‘Clients overlook major sources of value from advisers’

Isabel Baxter
clock 02 May 2024 • 1 min read