IFAs have been told they must make significant changes to their businesses over the next 12 months if they want to be prepared for RDR.
While RDR implementation may be almost two years away, David Ingram, technical director at services provider threesixty, insists businesses need to develop their propositions this year. He says: "We're billing 2011 as the year of change and trying to get as many firms as we possibly can to buy into that. "In all honesty, if firms haven't at least started the change to post-RDR models by the end of this year then they are not going to make it." He adds firms will have to go beyond simply meeting RDR requirements in order to prosper post-implementation. Ingram says: "This really i...
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