Head-to-head: Should RDR be delayed?

YES Phil Castle (pictured) Director, Financial Escape “Absolutely. I achieved Level 4 last week, but a delay is necessary. We need to bear in mind the FSA has not issued the platform paper or details of the simplified advice regime yet. Once these are in the public domain, there needs to be a reasonable timescale for advisers to take action. “It is possible to reach Level 4 quite quickly but why should anyone do it when they don’t actually know what the rules are yet? “The RDR should never have included a cliff-edge date. Instead, the regulator should have let firms achieve on...