The managing director of an advisory firm has hit back at shadow pensions minister Nigel Waterson for questioning the RDR's focus on qualifications above experience.
Almary Green's Carl Lamb was responding to comments made by Waterson at the AIFA dinner this week where he queried the priority given to examinations in the RDR and cast doubt on the practicalities of the 2012 implementation date. Despite the backlash against the FSA's plans to make advisers sit exams, Lamb says the proposals are far from new and firms have had plenty of time to get to grips with the changes. "Qualifications under the RDR have been a point on the horizon for a number of years now and advisers looking to build successful business models have been heading towards it and...
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