RDR

The FSA will not be able to simply read-across its adviser charging rules to the group personal pension (GPP) market, according to industry experts.

It could take five years for IFA firms to overhaul their charging model, leaving them little time to comply with the forthcoming RDR, warns Positive Solutions.

IFA network Sesame says its impending acquisition of Bankhall will give it the "scale" necessary to thrive in a post-RDR world.

The disclosure requirements proposed for restricted advice in the latest RDR consultation paper need to go further and require firms to use a mandatory form of words in their initial disclosure information, says Skandia.

The UK's protection industry appears to have lost its way in recent years, so now more than ever before, with the economy struggling to get back on its feet, is the time for a turn around. Peter Carvill talks to John Pollock.

SIPPs are future-proofed and will prove robust in the post-RDR world, according to Defaqto.

The FSA today put an end to advisers' hopes it would re-introduce a time limit on complaints, declaring "we are not moving".

Towry Law's Andrew Fisher has praised the FSA for ignoring calls from IFAs to delay today's RDR proposals, branding the paper "a job well done".

The FSA says it fears some firms may focus more on sales of pure protection policies to maintain a commission income post 2012.

The FSA's proposed labeling for advice could result in a "serious risk of customer confusion" according to the Association of British Insurers (ABI).