FSA could relax RDR 'cliff-edge' deadline: FSP

Financial advisers have until 31 December 2012 to gain a relevant QCF Level 4 qualification or they can no longer see clients. But FSP chief executive Liz Field said her organisation would lobby for a tapered solution under which advisers who miss the deadline can continue under supervision. “RDR discussions are not dead by any means,” she said. “I think we will find that the closer we get to the deadline, the more this issue will heat up.” The FSP, formerly the Financial Services Skills Council, was responsible for setting the standards all Level 4 RDR-ready qualifications must me...