APFA: RDR fallout might see regulator revisit FSCS threshold

The Association of Professional Financial Advisers (APFA) policy director Chris Hannant said that the proposed FSCS investment intermediary threshold of £150,000, announced in July last year, was based upon certain affordability assumptions that may yet prove wrong as the impact of the RDR becomes more apparent. He added: "If the evidence demonstrates that the RDR has had a significant impact on profit margin, then the FSA's assumptions on affordability will be flawed. If this is the case, we will continue to pressure the body to reduce the figure. "We won't know what impact the RDR h...