AIFA to Treasury: 'RDR will be seen as a failure'

Laura Miller
clock •

AIFA policy director Andrew Strange has warned ministers the RDR is likely to be seen as a failure because it does not meet the key standards of good regulation, including avoiding constant flux.

The trade body warned the Treasury the FSA's successor can only help advisers by bringing in less change, fewer "new ideas" and more consistent delivery. In a report out today, A Manifesto for Regulation, AIFA says regulation should be governed by six high-level principles, including proportionality. Strange says: "Judging the current RDR by these six principles there is a real danger it will be seen as a failure. While we support the original objectives there is a serious risk of driving out good firms, increasing the costs of advice and reducing access to the financial services mark...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

WIFA 2026 headline sponsor video: LV= COO Anita Fernqvist talks female representation in advice

WIFA 2026 headline sponsor video: LV= COO Anita Fernqvist talks female representation in advice

'Different perspectives around the table bring breadth of thinking'

Professional Adviser
clock 03 November 2026 • 1 min read
FCA responds to Treasury Committee concerns over potential Budget leak

FCA responds to Treasury Committee concerns over potential Budget leak

Nikhil Rathi responds

Isabel Baxter
clock 03 November 2026 • 3 min read
Young adults lacking mental capacity will gain access to Child Trust Funds

Young adults lacking mental capacity will gain access to Child Trust Funds

Government proposals to benefit up to 126,000 young adults

Sophia Panayi
clock 03 November 2026 • 3 min read