David Muncaster, director of intermediary clients at Close Asset Management, says the lack of clarity around gap-filling is leaving many advisers confused.
With RDR fast approaching, confusion still abounds among IFAs when it comes to where exactly they need to upgrade their skills to comply with the new regulatory framework. In an effort not to fall behind or fail to meet the requirements, many IFAs are understandably anxious to fill the gaps in their knowledge without delay. This is leading many advisers to go to considerable expense to boost their qualifications – but for many, these costly top-up qualifications are actually surplus to requirements. The crux of the issue is that the exact rules imposed around compliance arising out of...
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