RDR transition takes five years - FP Advance

The company's managing director Steve Billingham says while some firms have successfully transformed their businesses ahead of the RDR, others are yet to adapt and will struggle to do so before 2012. "Some advisers are sitting around with their heads in the sand and praying the RDR will go away - but they are sadly misguided" he tells IFAonline. The process of successfully adapting a firm's business model to RDR-readiness takes a minimum of three years - and more realistically five years - according to Billingham. "The clock is ticking for those IFAs yet to implement the necessary ...