FSA mulls RDR 'staging posts' for firms

Scott Sinclair
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The FSA is considering providing staging posts for firms to indicate how much progress they have made in the transition to be RDR-compliant, but not until Q3 next year.

In last week's consultation paper Delivering the RDR, the regulator says firms should now have a clear idea of which qualifications advisers need to obtain to meet its QCF level four requirements. It said businesses should also have a plan in place for their unqualified practitioners so they will comply with the end of 2012 deadline. Most national and network propositions say only about half of their adviser force has so far reached the level four minimum. The FSA says it wants to hear from firms whether staging posts would be helpful and if they should include ‘posts' for the tran...

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