RDR deniers need to "get their heads out of the sand" and get on with meeting the FSA's new professionalism and remuneration rules, IFP chief executive Nick Cann said today.
Speaking at Professional Adviser's final fund5live conference in central London, Cann said the UK's 25,000 IFAs operate in the most heavily-regulated market in the world. But he urged them to embrace the transition to a fee-based regime and get on with meeting the new minimum qualification requirements, if they have not begun to do so already. "Worryingly, people have their heads in the sand hoping these issues will go away - they will not," Cann (pictured) said. "In terms of Level 4 qualifications, we need to get on and make sure we are still able to be in business." Cann expre...
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