Advisers eye long-stop challenge on RDR momentum

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IFA lobbying unit Adviser Alliance says the political momentum generated by the parliamentary debates on RDR presents the best opportunity to revise the Review and reveals it has received an offer to fund a judicial review into the lack of a time limit on client complaints.

Founder Alan Lakey (pictured) says the recent House of Commons debate and the Treasury Select Committee's (TSC's) request for written evidence has put RDR firmly on the political agenda. "This provides the greatest potential than at any time in the last four years for the FSA to make adjustments to RDR," he says. "This is our opportunity over the next six weeks to make the most important argument for years." In the New Year, the not-for-profit organisation is planning to ramp up its activities by examining the possibility of a judicial review into the lack of a 15-year long-stop. ...

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