Advisers have reacted angrily to emerging deadlines for the FSA's Retail Distribution Review, which they say leave them in limbo when trying to plan their business strategies.
At last week's Personal Finance Society event - 'Retail Distribution Review - Where to next in the brave new world' - a reactive IFA audience demanded to know the timescale of events, claiming the proposed series of consultation papers will undermine their businesses by leaving them unable to make solid plans for the future. Speaking at the event Alan Mason, part of the FSA's RDR team, said: "There are certain things that are already happening and that will continue to happen. We are not waiting for a regulatory pistol to go off before we can confirm the timescale, we genuinely do not k...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes