RDR

Gary Thomson, head of business consultancy at AXA Wealth, examines what a thriving IFA business and a successful racing car team have in common.

Sesame Bankhall Group today backed MPs' call for a 12-month delay to the implementation of RDR, saying the move could mean an additional 500,000 clients continue to benefit from advice from its IFAs.

Delaying the introduction of the retail distribution review (RDR) by one year, as proposed by MPs last week, could result in an extra 10% of advisers remaining in the industry, IFA network Openwork said.

A proposals to delay the RDR by 12 months to give financial advisers more time to meet its rules appeared, initially, to receive a mixed response.

The RDR finally gets some column inches in the mainstream media, while fund managers are becoming increasingly cautious in a particularly volatile bull market. It's IFAonline's round-up of the weekend's national newspapers...

The RDR is bound to disappoint because it will fail to meet its public policy objectives and widen the advice gap, according to wealth manager Fowler Drew.

The industry is split on the merits of the Treasury Select Committee's (TSC) key recommendation to delay the RDR for 12 months until 1 January 2014.

The Treasury Select Committee (TSC) may have lost the battle with the Financial Services Authority (FSA) over the RDR, but in the long war of financial services regulation it will seek to have its recommendations written into the successor Financial Conduct...

The Treasury Select Committee (TSC) will begin an inquiry into the accountability of the successor regulator to the Financial Services Authority (FSA), the Financial Conduct Authority (FCA).

The Treasury Select Committee (TSC) has called for a 12 month delay to the RDR to enable more advisers to reach Level 4, among a series of other concessions, but the FSA has flatly refused any negotiation on a change to its plans.