RDR delay: Qualified advisers on why they need extra year

Last week the Treasury Select Committee (TSC) published a report recommending the rule changes be pushed back to 1 January 2014 so more advisers can meet the minimum qualifications requirements and continue servicing clients. The delay was backed by AIFA, but the FSA, as well as the Chartered Insurance Institute (CII) and Institute of Financial Planning (IFP), immediately dismissed the idea, saying IFAs have had long enough to prepare for the impending exam deadlines. Now IFAs who are already highly qualified and en route to completing any gap-fill requirements have told Professional ...