We have seen from the recent submissions to the Treasury Select Committee that opinion is still polarised in the advisory community about the RDR.
Many are openly supporting the proposals, with perhaps some reservations, while others are firmly entrenched in the opposing camp. However, for the vast majority of firms, whatever their views may be, the RDR deadline has not changed as a result of this debate, and is still set for 31 December 2012. We are, as yet, unsure if there will be changes, although FSA CEO Hector Sants is adamant there will be “no dilution” to the initial proposals. Whatever happens, it seems unlikely the whole review will be scrapped and this means advisers have to start transitioning their firms, whatever th...
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